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Forex Trend Analysis Report
Prepared for you on Thursday, December 5, 2024.
British Pound/ (FOREX:GBPRSD)
Long-Term Uptrend (+90) - GBPRSD is in a strong uptrend that is likely to continue. While GBPRSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for GBPRSD
The long-term trend has been UP since Sep 20th, 2024 at 139.55521
The intermediate-term trend has been UP since Nov 11th, 2024 at 141.02277
The short-term trend has been UP since Nov 28th, 2024 at 140.55138
Smart Scan Analysis for GBPRSD
Based on our trend formula, GBPRSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 141.33441 | 141.34708 | 141.28881 | 141.28881 | -0.04560 |
| Prev. Close | Volume | Bid | Ask | Time |
| 141.33441 | 2024-12-05 05:15:11 |