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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
British Pound/ (FOREX:GBPLRD)
Weak Downtrend (-65) - GBPLRD is showing signs of a strengthening downtrend. Monitor GBPLRD as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for GBPLRD
The long-term trend has been UP since Jun 10th, 2024 at 249.23980
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 259.69846
The short-term trend has been DOWN since Sep 25th, 2024 at 263.50260
Smart Scan Analysis for GBPLRD
Based on our trend formula, GBPLRD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 249.71865 | 249.71865 | 249.71865 | 249.71865 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 249.18127 | 2024-10-23 07:25:20 |