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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.

FOREX_GBPBTN
Open High Low GBPBTN Price Change
106.31543 106.31543 106.31543 106.31543 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPBTN

long term down The long-term trend has been DOWN since Dec 21st, 2024 at 106.83737

intermediate term down The intermediate-term trend has been DOWN since Dec 15th, 2024 at 107.52221

short term down 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).

-90
Smart Scan Analysis for GBPBTN
Strong Downtrend Sideways 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
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