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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 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 Sep 20th, 2024 at 139.55521
The intermediate-term trend has been UP since Aug 26th, 2024 at 138.16387
The short-term trend has been DOWN since Oct 24th, 2024 at 140.33775
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 |
|---|---|---|---|---|
| 140.18564 | 140.54998 | 140.18564 | 140.54998 | +0.36434 |
| Prev. Close | Volume | Bid | Ask | Time |
| 140.18564 | 2024-10-25 12:46:30 |