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Forex Trend Analysis Report
Prepared for you on Tuesday, October 8, 2024.
British Pound/ (FOREX:GBPGHS)
Sidelines Mode (+55) - GBPGHS is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPGHS?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPGHS.
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 GBPGHS
The long-term trend has been UP since Jul 23rd, 2023 at 14.896276
The intermediate-term trend has been UP since Aug 14th, 2024 at 19.997626
The short-term trend has been DOWN since Oct 3rd, 2024 at 21.045180
Smart Scan Analysis for GBPGHS
Based on our trend formula, GBPGHS is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 20.829801 | 20.858441 | 20.829801 | 20.858441 | +0.028640 |
| Prev. Close | Volume | Bid | Ask | Time |
| 20.829801 | 2024-10-05 07:23:01 |