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Forex Trend Analysis Report

Prepared for you on Friday, April 3, 2020.

British Pound/ (FOREX:GBPSLL)

Long-Term Downtrend (-90) - GBPSLL is in a strong downtrend that is likely to continue. While GBPSLL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid GBPSLL?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSLL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPSLL
Open High Low GBPSLL Price Change
12057.928 12057.928 12057.928 12057.928 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPSLL

long term down The long-term trend has been DOWN since Mar 12th, 2020 at 12482.430

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2020 at 12509.887

short term down The short-term trend has been DOWN since Mar 12th, 2020 at 12570.820

Smart Scan Analysis for GBPSLL

Based on our trend formula, GBPSLL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GBPSLL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12057.928 12057.928 12057.928 12057.928 0.000
Prev. Close Volume Bid Ask Time
12057.928 11910.760 12205.095 2020-04-01 07:17:55
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