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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.

FOREX_GBPRSD
Open High Low GBPRSD Price Change
141.33441 141.34708 141.28881 141.28881 -0.04560
Entry Signal

MarketClub’s Trade Triangles for GBPRSD

long term up The long-term trend has been UP since Sep 20th, 2024 at 139.55521

intermediate term up The intermediate-term trend has been UP since Nov 11th, 2024 at 141.02277

short term up 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).

+90
Smart Scan Analysis for GBPRSD
Strong Downtrend Sideways 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
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