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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

British Pound/Panamanian Balboa (FOREX:GBPPAB)

Countertrend Down (-85) - GBPPAB is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_GBPPAB
Open High Low GBPPAB Price Change
1.2230356 1.2268603 1.2230356 1.2268603 +0.0038250
Entry Signal

MarketClub’s Trade Triangles for GBPPAB

long term down The long-term trend has been DOWN since Mar 16th, 2020 at 1.2866592

intermediate term down The intermediate-term trend has been DOWN since May 8th, 2020 at 1.2399574

short term up The short-term trend has been UP since May 19th, 2020 at 1.2208559

Smart Scan Analysis for GBPPAB

Based on our trend formula, GBPPAB is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPPAB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2230356 1.2268603 1.2230356 1.2268603 +0.0038250
Prev. Close Volume Bid Ask Time
1.2188115 1.1989390 1.2547815 2020-05-21 21:08:17
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