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Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
British Pound/ (FOREX:GBPLRD)
Long-Term Downtrend (-90) - GBPLRD is in a strong downtrend that is likely to continue. While GBPLRD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPLRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLRD.
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 GBPLRD
The long-term trend has been DOWN since Apr 17th, 2024 at 241.56117
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 246.02535
The short-term trend has been DOWN since Apr 15th, 2024 at 245.52367
Smart Scan Analysis for GBPLRD
Based on our trend formula, GBPLRD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 241.53749 | 241.53749 | 241.53749 | 241.53749 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 242.56052 | 2024-04-17 19:38:10 |