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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

British Pound/ (FOREX:GBPLRD)

Strong Uptrend (+100) - GBPLRD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPLRD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
253.53419 253.53419 253.46787 253.46787 -0.06632
Entry Signal

MarketClub’s Trade Triangles for GBPLRD

long term up The long-term trend has been UP since Jun 10th, 2024 at 249.23980

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2024 at 248.00094

short term up The short-term trend has been UP since Jun 25th, 2024 at 246.16258

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
253.53419 253.53419 253.46787 253.46787 -0.06632
Prev. Close Volume Bid Ask Time
253.55628 2024-07-17 23:17:59
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