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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/ (FOREX:GBPBTN)
Bull Market Weakness (+75) - GBPBTN is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPBTN as it may be in the beginning stages of a reversal.
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 UP since May 28th, 2024 at 106.31805
The intermediate-term trend has been UP since Jul 7th, 2024 at 106.49631
The short-term trend has been DOWN since Jul 21st, 2024 at 108.39942
Smart Scan Analysis for GBPBTN
Based on our trend formula, GBPBTN is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 107.72985 | 107.72985 | 107.72219 | 107.72219 | -0.00766 |
| Prev. Close | Volume | Bid | Ask | Time |
| 107.72985 | 2024-07-26 14:00:15 |