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.
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MarketClub’s Trade Triangles for GBPBTN
The long-term trend has been UP since Dec 17th, 2023 at 105.85057
The intermediate-term trend has been UP since Mar 4th, 2024 at 105.06198
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).
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 |