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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

British Pound/Lebanese Pound (FOREX:GBPLBP)

Countertrend Down (-85) - GBPLBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
1853.4760 1853.4760 1853.4760 1853.4760 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPLBP

long term down The long-term trend has been DOWN since Jan 10th, 2020 at 1845.9500

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2020 at 1867.3934

short term up The short-term trend has been UP since May 19th, 2020 at 1849.1012

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).

-85
Smart Scan Analysis for GBPLBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1853.4760 1853.4760 1853.4760 1853.4760 0.0000
Prev. Close Volume Bid Ask Time
1842.9172 1847.8898 1859.0621 2020-05-22 09:20:03
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