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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
British Pound/Panamanian Balboa (FOREX:GBPPAB)
Long-Term Downtrend (-90) - GBPPAB is in a strong downtrend that is likely to continue. While GBPPAB 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 GBPPAB?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPAB.
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 GBPPAB
The long-term trend has been DOWN since Apr 2nd, 2024 at 1.2556580
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 1.2636804
The short-term trend has been DOWN since Apr 12th, 2024 at 1.2574316
Smart Scan Analysis for GBPPAB
Based on our trend formula, GBPPAB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2444331 | 1.2444331 | 1.2444331 | 1.2444331 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2444331 | 2024-04-24 21:01:01 |