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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

British Pound/ (FOREX:GBPLRD)

Long-Term Downtrend (-90) - GBPLRD is in a strong downtrend that is likely to continue. While GBPLRD is showing intraday strength, it remains in the confines of a bearish trend. 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
244.09445 244.09445 244.09445 244.09445 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPLRD

long term down The long-term trend has been DOWN since Mar 17th, 2020 at 243.73622

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2020 at 247.10010

short term down The short-term trend has been DOWN since May 24th, 2020 at 244.56259

Smart Scan Analysis for GBPLRD

Based on our trend formula, GBPLRD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPLRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
244.09445 244.09445 244.09445 244.09445 0.00000
Prev. Close Volume Bid Ask Time
246.01597 241.07098 247.11791 2020-05-25 21:04:33
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