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Forex Trend Analysis Report

Prepared for you on Sunday, June 16, 2024.

British Pound/Australian Dollar (FOREX:GBPAUD)

Bear Market Rally (-75) - GBPAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPAUD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid GBPAUD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPAUD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPAUD
Open High Low GBPAUD Price Change
1.9161004 1.9207886 1.9161004 1.9207886 +0.0046880
Entry Signal

MarketClub’s Trade Triangles for GBPAUD

long term down The long-term trend has been DOWN since May 3rd, 2024 at 1.904735

intermediate term up The intermediate-term trend has been UP since Jun 3rd, 2024 at 1.924900

short term down The short-term trend has been DOWN since Jun 14th, 2024 at 1.915780

Smart Scan Analysis for GBPAUD

Based on our trend formula, GBPAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.9161004 1.9207886 1.9161004 1.9207886 +0.0046880
Prev. Close Volume Bid Ask Time
1.9161004 2024-06-16 03:03:46
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