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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

British Pound/Panamanian Balboa (FOREX:GBPPAB)

Sidelines Mode (+55) - GBPPAB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.2699862 1.2699862 1.2699862 1.2699862 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPPAB

long term up The long-term trend has been UP since Dec 24th, 2023 at 1.2710369

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2024 at 1.2624460

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 1.2800356

Smart Scan Analysis for GBPPAB

Based on our trend formula, GBPPAB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPPAB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2699862 1.2699862 1.2699862 1.2699862 0.0000000
Prev. Close Volume Bid Ask Time
1.2629478 2024-03-19 22:06:42
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