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Forex Trend Analysis Report

Prepared for you on Friday, April 12, 2024.

British Pound/ (FOREX:GBPAWG)

Strong Downtrend (-100) - GBPAWG is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPAWG continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_GBPAWG
Open High Low GBPAWG Price Change
2.2540855 2.2586490 2.2540855 2.2586490 +0.0045640
Entry Signal

MarketClub’s Trade Triangles for GBPAWG

long term down The long-term trend has been DOWN since Apr 10th, 2024 at 2.2574035

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 2.2883186

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 2.2733292

Smart Scan Analysis for GBPAWG

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

-100
Smart Scan Analysis for GBPAWG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2540855 2.2586490 2.2540855 2.2586490 +0.0045640
Prev. Close Volume Bid Ask Time
2.2540855 2024-04-10 13:49:44
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