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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/ (FOREX:GBPCDF)
Strong Downtrend (-100) - GBPCDF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPCDF continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPCDF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCDF.
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 GBPCDF
The long-term trend has been DOWN since Nov 18th, 2024 at 3612.1118
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 3748.4795
The short-term trend has been DOWN since Nov 14th, 2024 at 3668.1122
Smart Scan Analysis for GBPCDF
Based on our trend formula, GBPCDF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3596.4839 | 3596.4839 | 3596.4839 | 3596.4839 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3596.4839 | 2024-11-18 13:11:45 |