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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Lebanese Pound (FOREX:GBPLBP)
Countertrend Up (+85) - GBPLBP 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 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 Dec 1st, 2023 at 18991.4570000
The intermediate-term trend has been UP since Jul 7th, 2024 at 114248.5078125
The short-term trend has been DOWN since Jul 21st, 2024 at 116178.4492188
Smart Scan Analysis for GBPLBP
Based on our trend formula, GBPLBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 115230.5390625 | 115230.5390625 | 115220.9765625 | 115220.9765625 | -9.5625000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 115230.5390625 | 2024-07-26 14:00:14 |