Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Monday, December 30, 2024.
British Pound/ (FOREX:GBPLRD)
Bear Market Rally (-75) - GBPLRD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPLRD as it may be in the beginning of a reversal.
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 UP since Dec 5th, 2024 at 231.71966
The short-term trend has been DOWN since Dec 21st, 2024 at 227.59327
Smart Scan Analysis for GBPLRD
Based on our trend formula, GBPLRD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 226.97297 | 226.97297 | 226.97297 | 226.97297 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 228.44947 | 2024-12-21 08:23:56 |