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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 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.
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MarketClub’s Trade Triangles for GBPRSD
The long-term trend has been UP since Jan 23rd, 2024 at 137.01832
The intermediate-term trend has been UP since Apr 17th, 2024 at 137.29154
The short-term trend has been DOWN since Apr 17th, 2024 at 136.97440
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 136.75559 | 136.95686 | 136.70409 | 136.89845 | +0.14286 |
| Prev. Close | Volume | Bid | Ask | Time |
| 136.75559 | 2024-04-18 16:49:40 |