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Forex Trend Analysis Report

Prepared for you on Sunday, October 17, 2021.

British Pound/Panamanian Balboa (FOREX:GBPPAB)

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

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
1.3612738 1.3627578 1.3612738 1.3627578 +0.0014840
Entry Signal

MarketClub’s Trade Triangles for GBPPAB

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 1.3769030

intermediate term down The intermediate-term trend has been DOWN since Sep 21st, 2021 at 1.3791729

short term up The short-term trend has been UP since Oct 9th, 2021 at 1.3587363

Smart Scan Analysis for GBPPAB

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

-75
Smart Scan Analysis for GBPPAB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3612738 1.3627578 1.3612738 1.3627578 +0.0014840
Prev. Close Volume Bid Ask Time
1.3714049 2021-10-09 04:08:08
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