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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Special drawing rights/British Pound (FOREX:XDRGBP)
Strong Uptrend (+100) - XDRGBP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, XDRGBP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid XDRGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDRGBP.
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 XDRGBP
The long-term trend has been UP since Apr 14th, 2024 at 1.0621514
The intermediate-term trend has been UP since Apr 2nd, 2024 at 1.0494965
The short-term trend has been UP since May 8th, 2024 at 1.0559336
Smart Scan Analysis for XDRGBP
Based on our trend formula, XDRGBP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0573141 | 1.0573141 | 1.0573141 | 1.0573141 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0573141 | 2024-05-08 21:02:50 |