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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

British Pound/ (FOREX:GBPLRD)

Bull Market Weakness (+75) - GBPLRD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPLRD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid GBPLRD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLRD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPLRD
Open High Low GBPLRD Price Change
242.53006 242.53006 242.53006 242.53006 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPLRD

long term up The long-term trend has been UP since Feb 9th, 2021 at 236.62525

intermediate term up The intermediate-term trend has been UP since Dec 8th, 2020 at 210.44126

short term down The short-term trend has been DOWN since Feb 25th, 2021 at 242.82410

Smart Scan Analysis for GBPLRD

Based on our trend formula, GBPLRD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPLRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
242.53006 242.53006 242.53006 242.53006 0.00000
Prev. Close Volume Bid Ask Time
238.67849 2021-02-25 07:31:38
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