Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
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.
MarketClub’s Trade Triangles for GBPPAB
The long-term trend has been DOWN since Sep 21st, 2023 at 1.2384041
The intermediate-term trend has been UP since Nov 8th, 2023 at 1.2124275
The short-term trend has been DOWN since Dec 5th, 2023 at 1.2671007
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).