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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Surinamese Dollar (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.
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MarketClub’s Trade Triangles for GBPSRD
The long-term trend has been DOWN since Oct 3rd, 2023 at 47.2980
The intermediate-term trend has been DOWN since Jun 6th, 2024 at 40.5505
The short-term trend has been DOWN since Jul 24th, 2024 at 38.5845
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 37.8275 | 37.8275 | 37.8275 | 37.8275 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 37.8275 | 37.4600 | 38.1950 | 2024-07-24 09:49:01 |