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Forex Trend Analysis Report

Prepared for you on Monday, March 30, 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
238.86728 238.86728 238.86728 238.86728 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 Mar 12th, 2020 at 254.31942

short term down The short-term trend has been DOWN since Mar 12th, 2020 at 255.84553

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
238.86728 238.86728 238.86728 238.86728 0.00000
Prev. Close Volume Bid Ask Time
245.26110 235.91749 241.81707 2020-03-26 08:23:27
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