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Forex Trend Analysis Report

Prepared for you on Friday, October 15, 2021.

British Pound/ (FOREX:GBPRSD)

Countertrend Up (+85) - GBPRSD 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 GBPRSD?

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

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

FOREX_GBPRSD
Open High Low GBPRSD Price Change
138.46389 138.46389 138.44840 138.44840 -0.01549
Entry Signal

MarketClub’s Trade Triangles for GBPRSD

long term up The long-term trend has been UP since Sep 20th, 2019 at 133.57000

intermediate term up The intermediate-term trend has been UP since Oct 12th, 2021 at 137.76458

short term up The short-term trend has been UP since Sep 27th, 2021 at 137.70569

Smart Scan Analysis for GBPRSD

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

+80
Smart Scan Analysis for GBPRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
138.46389 138.46389 138.44840 138.44840 -0.01549
Prev. Close Volume Bid Ask Time
138.84836 2021-10-12 21:08:35
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