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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

British Pound/ (FOREX:GBPLRD)

Strong Downtrend (-100) - GBPLRD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
223.44594 223.53074 223.44594 223.53074 +0.08480
Entry Signal

MarketClub’s Trade Triangles for GBPLRD

long term down The long-term trend has been DOWN since Jul 18th, 2021 at 237.95629

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2021 at 236.38974

short term down The short-term trend has been DOWN since Sep 13th, 2021 at 237.53438

Smart Scan Analysis for GBPLRD

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

-100
Smart Scan Analysis for GBPLRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
223.44594 223.53074 223.44594 223.53074 +0.08480
Prev. Close Volume Bid Ask Time
223.44594 2021-10-19 21:09:13
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