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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

British Pound/ (FOREX:GBPCDF)

Countertrend Up (+85) - GBPCDF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_GBPCDF
Open High Low GBPCDF Price Change
3590.9982 3590.9982 3582.7226 3583.2109 -7.7873
Entry Signal

MarketClub’s Trade Triangles for GBPCDF

long term up The long-term trend has been UP since May 23rd, 2024 at 3552.2098

intermediate term up The intermediate-term trend has been UP since May 14th, 2024 at 3497.2729

short term down The short-term trend has been DOWN since Jun 16th, 2024 at 3590.8915

Smart Scan Analysis for GBPCDF

Based on our trend formula, GBPCDF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3590.9982 3590.9982 3582.7226 3583.2109 -7.7873
Prev. Close Volume Bid Ask Time
3601.1831 2024-06-16 21:00:28
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