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Forex Trend Analysis Report

Prepared for you on Friday, April 12, 2024.

British Pound/ (FOREX:GBPLRD)

Weak Uptrend (+65) - GBPLRD is showing signs of weakening momentum to the upside. Monitor GBPLRD as it may be in the beginning stages 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.

FOREX_GBPLRD
Open High Low GBPLRD Price Change
246.61403 246.61403 246.61403 246.61403 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPLRD

long term up The long-term trend has been UP since Nov 29th, 2023 at 242.53366

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 246.02535

short term up The short-term trend has been UP since Apr 5th, 2024 at 245.03971

Smart Scan Analysis for GBPLRD

Based on our trend formula, GBPLRD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPLRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
246.61403 246.61403 246.61403 246.61403 0.00000
Prev. Close Volume Bid Ask Time
244.29500 2024-04-10 21:04:01
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