Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
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, GBPLRD 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.
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MarketClub’s Trade Triangles for GBPLRD
The long-term trend has been DOWN since Nov 8th, 2024 at 249.24406
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 -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 229.22416 | 229.22416 | 229.22416 | 229.22416 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 229.22416 | 2024-11-20 19:11:55 |