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Forex Trend Analysis Report

Prepared for you on Tuesday, November 28, 2023.

British Pound/ (FOREX:GBPLRD)

Sidelines Mode (+50) - GBPLRD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPLRD can gain 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
240.50305 240.50305 240.50305 240.50305 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPLRD

long term down The long-term trend has been DOWN since Oct 19th, 2023 at 232.09416

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2023 at 233.03613

short term up The short-term trend has been UP since Nov 6th, 2023 at 232.28957

Smart Scan Analysis for GBPLRD

Based on our trend formula, GBPLRD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for GBPLRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
240.50305 240.50305 240.50305 240.50305 0.00000
Prev. Close Volume Bid Ask Time
240.74917 2023-11-23 07:26:40
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