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Forex Trend Analysis Report

Prepared for you on Saturday, April 4, 2020.

British Pound/ (FOREX:GBPSRD)

Long-Term Downtrend (-90) - GBPSRD is in a strong downtrend that is likely to continue. While GBPSRD 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 GBPSRD?

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

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

FOREX_GBPSRD
Open High Low GBPSRD Price Change
9.2435 9.2435 9.2435 9.2435 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPSRD

long term down The long-term trend has been DOWN since Mar 3rd, 2020 at 9.5820

intermediate term down The intermediate-term trend has been DOWN since Jan 29th, 2020 at 9.7605

short term down The short-term trend has been DOWN since Mar 13th, 2020 at 9.5010

Smart Scan Analysis for GBPSRD

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

-90
Smart Scan Analysis for GBPSRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.2435 9.2435 9.2435 9.2435 0.0000
Prev. Close Volume Bid Ask Time
9.2435 9.1290 9.3580 2020-04-02 22:51:30
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