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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

British Pound/ (FOREX:GBPBTN)

Countertrend Up (+85) - GBPBTN is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid GBPBTN?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBTN.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPBTN
Open High Low GBPBTN Price Change
105.64723 105.83835 105.64723 105.81110 +0.16387
Entry Signal

MarketClub’s Trade Triangles for GBPBTN

long term up The long-term trend has been UP since Dec 17th, 2023 at 105.85057

intermediate term up The intermediate-term trend has been UP since Mar 4th, 2024 at 105.06198

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 106.10923

Smart Scan Analysis for GBPBTN

Based on our trend formula, GBPBTN is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPBTN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
105.64723 105.83835 105.64723 105.81110 +0.16387
Prev. Close Volume Bid Ask Time
105.64723 2024-03-18 18:18:30
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