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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Special drawing rights (FOREX:GBPXDR)
Strong Downtrend (-100) - GBPXDR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPXDR continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPXDR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPXDR
The long-term trend has been DOWN since Apr 14th, 2024 at 0.9414853
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 0.9528379
The short-term trend has been DOWN since May 8th, 2024 at 0.9470293
Smart Scan Analysis for GBPXDR
Based on our trend formula, GBPXDR is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9457928 | 0.9457928 | 0.9457928 | 0.9457928 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9457928 | 2024-05-08 21:02:50 |