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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/ (FOREX:GBPBTN)
Weak Downtrend (-65) - GBPBTN is showing signs of a strengthening downtrend. Monitor GBPBTN as it may be building momentum to the downside.
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 DOWN since Oct 10th, 2024 at 110.11894
The short-term trend has been DOWN since Nov 12th, 2024 at 109.10867
Smart Scan Analysis for GBPBTN
Based on our trend formula, GBPBTN is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 108.32679 | 108.32679 | 108.32679 | 108.32679 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 106.62583 | 2024-11-12 07:25:06 |