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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
/British Pound (FOREX:RSDGBP)
Crossroads (+60) - RSDGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid RSDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for RSDGBP.
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 RSDGBP
The long-term trend has been DOWN since Jan 23rd, 2024 at 0.00729829
The intermediate-term trend has been UP since Apr 19th, 2024 at 0.00732840
The short-term trend has been UP since May 2nd, 2024 at 0.00730611
Smart Scan Analysis for RSDGBP
Based on our trend formula, RSDGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00734426 | 0.00735519 | 0.00733307 | 0.00734806 | +0.00000400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00734426 | 2024-05-09 13:28:39 |