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Forex Trend Analysis Report

Prepared for you on Monday, February 24, 2020.

British Pound/Lebanese Pound (FOREX:GBPLBP)

Long-Term Downtrend (-90) - GBPLBP is in a strong downtrend that is likely to continue. While GBPLBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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
1955.4952 1955.4952 1955.4952 1955.4952 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 Dec 23rd, 2019 at 1951.6468

short term down The short-term trend has been DOWN since Feb 19th, 2020 at 1970.4102

Smart Scan Analysis for GBPLBP

Based on our trend formula, GBPLBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPLBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1955.4952 1955.4952 1955.4952 1955.4952 0.0000
Prev. Close Volume Bid Ask Time
1955.4952 1949.5406 1961.4498 2020-02-24 10:36:04
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