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Forex Trend Analysis Report
Prepared for you on Wednesday, June 7, 2023.
British Pound/Lebanese Pound (FOREX:GBPLBP)
Sidelines Mode (+55) - GBPLBP 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 GBPLBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLBP.
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 GBPLBP
The long-term trend has been UP since Aug 10th, 2022 at 1922.725
The intermediate-term trend has been DOWN since May 18th, 2023 at 18690.328
The short-term trend has been UP since Jun 1st, 2023 at 18699.388
Smart Scan Analysis for GBPLBP
Based on our trend formula, GBPLBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 18643.963 | 18643.963 | 18643.963 | 18643.963 | 0.000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 18643.963 | 2023-06-06 07:26:53 |