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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

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
3443.1614 3443.1614 3443.1614 3443.1614 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPCDF

long term up The long-term trend has been UP since Dec 2nd, 2023 at 3138.0694

intermediate term up The intermediate-term trend has been UP since Nov 19th, 2023 at 3028.4669

short term up The short-term trend has been UP since Nov 12th, 2023 at 3009.1058

Smart Scan Analysis for GBPCDF

Based on our trend formula, GBPCDF is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3443.1614 3443.1614 3443.1614 3443.1614 0.0000
Prev. Close Volume Bid Ask Time
3463.7028 2023-12-02 06:46:37
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