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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
British Pound/US Dollar (FOREX:GBPUSD)
Strong Downtrend (-100) - GBPUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPUSD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPUSD.
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 GBPUSD
The long-term trend has been DOWN since Nov 14th, 2024 at 1.266525
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 1.307145
The short-term trend has been DOWN since Nov 21st, 2024 at 1.261355
Smart Scan Analysis for GBPUSD
Based on our trend formula, GBPUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.258640 | 1.258670 | 1.248760 | 1.251745 | -0.006895 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.258640 | 2024-11-22 11:53:50 |