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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
/British Pound (FOREX:CDFGBP)
Countertrend Down (-85) - CDFGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid CDFGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CDFGBP.
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 CDFGBP
The long-term trend has been DOWN since May 23rd, 2024 at 0.00028153
The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.00027579
The short-term trend has been UP since Jul 23rd, 2024 at 0.00027243
Smart Scan Analysis for CDFGBP
Based on our trend formula, CDFGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00027415 | 0.00027420 | 0.00027415 | 0.00027420 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00027415 | 2024-07-26 14:00:16 |