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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/ (FOREX:GBPLRD)
Countertrend Up (+85) - GBPLRD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jul 7th, 2024 at 248.00094
The short-term trend has been DOWN since Jul 21st, 2024 at 252.93362
Smart Scan Analysis for GBPLRD
Based on our trend formula, GBPLRD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 251.43419 | 251.43419 | 251.41333 | 251.41333 | -0.02086 |
| Prev. Close | Volume | Bid | Ask | Time |
| 251.43419 | 2024-07-26 14:00:16 |