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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
British Pound/ (FOREX:GBPBTN)
Long-Term Downtrend (-90) - GBPBTN is in a strong downtrend that is likely to continue. While GBPBTN 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 GBPBTN?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBTN.
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 GBPBTN
The long-term trend has been DOWN since Dec 21st, 2024 at 106.83737
The intermediate-term trend has been DOWN since Dec 15th, 2024 at 107.52221
The short-term trend has been DOWN since Dec 15th, 2024 at 107.59101
Smart Scan Analysis for GBPBTN
Based on our trend formula, GBPBTN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 106.31543 | 106.31543 | 106.31543 | 106.31543 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 108.44169 | 2024-12-21 08:23:56 |