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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
US Dollar/British Pound (FOREX:USDGBP)
Countertrend Up (+85) - USDGBP 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 USDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDGBP.
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 USDGBP
The long-term trend has been UP since Apr 11th, 2024 at 0.79885
The intermediate-term trend has been UP since Mar 27th, 2024 at 0.79055
The short-term trend has been DOWN since Apr 24th, 2024 at 0.80215
Smart Scan Analysis for USDGBP
Based on our trend formula, USDGBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7999800 | 0.8032700 | 0.7973050 | 0.8007687 | +0.0007890 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7999800 | 2024-04-26 19:55:24 |