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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.

FOREX_GBPLBP
Open High Low GBPLBP Price Change
18643.963 18643.963 18643.963 18643.963 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPLBP

long term up The long-term trend has been UP since Aug 10th, 2022 at 1922.725

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2023 at 18690.328

short term up 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).

+55
Smart Scan Analysis for GBPLBP
Strong Downtrend Sideways 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
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