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Forex Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

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
139.06482 139.09080 138.80693 138.85867 -0.20615
Entry Signal

MarketClub’s Trade Triangles for GBPRSD

long term up The long-term trend has been UP since Jan 23rd, 2024 at 137.01832

intermediate term up The intermediate-term trend has been UP since Jul 11th, 2024 at 139.02678

short term down The short-term trend has been DOWN since Jul 17th, 2024 at 139.17588

Smart Scan Analysis for GBPRSD

Based on our trend formula, GBPRSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
139.06482 139.09080 138.80693 138.85867 -0.20615
Prev. Close Volume Bid Ask Time
138.94071 2024-07-19 16:41:27
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