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Forex Trend Analysis Report

Prepared for you on Sunday, December 3, 2023.

British Pound/Libyan Dinar (FOREX:GBPLYD)

Countertrend Up (+85) - GBPLYD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
6.0697499 6.0697499 6.0697499 6.0697499 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPLYD

long term up The long-term trend has been UP since Dec 1st, 2023 at 6.0680772

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2023 at 5.9584803

short term up The short-term trend has been UP since Nov 12th, 2023 at 5.9447716

Smart Scan Analysis for GBPLYD

Based on our trend formula, GBPLYD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPLYD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.0697499 6.0697499 6.0697499 6.0697499 0.0000000
Prev. Close Volume Bid Ask Time
6.0697499 2023-12-02 06:46:36
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