Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

British Pound/Libyan Dinar (FOREX:GBPLYD)

Bear Market Rally (-75) - GBPLYD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPLYD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid GBPLYD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLYD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPLYD
Open High Low GBPLYD Price Change
5.8509303 5.8509303 5.8509303 5.8509303 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPLYD

long term down The long-term trend has been DOWN since Mar 8th, 2023 at 5.7764125

intermediate term down The intermediate-term trend has been DOWN since Mar 8th, 2023 at 5.7764125

short term up The short-term trend has been UP since Mar 10th, 2023 at 5.7962021

Smart Scan Analysis for GBPLYD

Based on our trend formula, GBPLYD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPLYD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.8509303 5.8509303 5.8509303 5.8509303 0.0000000
Prev. Close Volume Bid Ask Time
5.8509303 2023-03-18 03:55:53
Get a free daily analysis and signals for British Pound/Libyan Dinar (GBPLYD) - Request Your Free Report.