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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

British Pound/ (FOREX:GBPRSD)

Sidelines Mode (-55) - GBPRSD 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 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
134.20053 134.25485 132.88879 132.92527 -1.27526
Entry Signal

MarketClub’s Trade Triangles for GBPRSD

long term down The long-term trend has been DOWN since Feb 1st, 2023 at 131.88335

intermediate term up The intermediate-term trend has been UP since Mar 15th, 2023 at 134.00983

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 133.11015

Smart Scan Analysis for GBPRSD

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

-55
Smart Scan Analysis for GBPRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
134.20053 134.25485 132.88879 132.92527 -1.27526
Prev. Close Volume Bid Ask Time
134.20053 2023-03-21 11:28:45
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