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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

/British Pound (FOREX:CDFGBP)

Sidelines Mode (+50) - CDFGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until CDFGBP can gain momentum.

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.

FOREX_CDFGBP
Open High Low CDFGBP Price Change
0.00028849 0.00028849 0.00028849 0.00028849 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CDFGBP

long term down The long-term trend has been DOWN since Dec 6th, 2023 at 0.00031870

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2024 at 0.00028405

short term up The short-term trend has been UP since Apr 11th, 2024 at 0.00028483

Smart Scan Analysis for CDFGBP

Based on our trend formula, CDFGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for CDFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00028849 0.00028849 0.00028849 0.00028849 0.00000000
Prev. Close Volume Bid Ask Time
0.00028849 2024-04-14 21:07:29
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