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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
British Pound/ (FOREX:GBPCDF)
Bear Market Rally (-75) - GBPCDF is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPCDF as it may be in the beginning of a reversal.
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 Apr 17th, 2024 at 3457.9396
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 3520.8079
The short-term trend has been UP since Apr 25th, 2024 at 3465.8532
Smart Scan Analysis for GBPCDF
Based on our trend formula, GBPCDF is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3483.3518 | 3483.3518 | 3483.3518 | 3483.3518 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3483.3518 | 2024-04-25 07:26:32 |