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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Australian Dollar (FOREX:GBPAUD)
Long-Term Downtrend (-90) - GBPAUD is in a strong downtrend that is likely to continue. While GBPAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for GBPAUD
The long-term trend has been DOWN since Aug 14th, 2024 at 1.8901000
The intermediate-term trend has been DOWN since Nov 19th, 2024 at 1.9425989
The short-term trend has been DOWN since Nov 17th, 2024 at 1.9492250
Smart Scan Analysis for GBPAUD
Based on our trend formula, GBPAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.943600 | 1.948505 | 1.943105 | 1.946735 | +0.003135 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.943600 | 2024-11-20 03:29:33 |