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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

British Pound/US Dollar (FOREX:GBPUSD)

Countertrend Down (-85) - GBPUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_GBPUSD
Open High Low GBPUSD Price Change
1.25396 1.25490 1.25224 1.25308 -0.00088
Entry Signal

MarketClub’s Trade Triangles for GBPUSD

long term down The long-term trend has been DOWN since Nov 14th, 2024 at 1.266525

intermediate term down The intermediate-term trend has been DOWN since Dec 25th, 2024 at 1.247565

short term up The short-term trend has been UP since Dec 25th, 2024 at 1.258800

Smart Scan Analysis for GBPUSD

Based on our trend formula, GBPUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.25396 1.25490 1.25224 1.25308 -0.00088
Prev. Close Volume Bid Ask Time
1.25396 2024-12-26 06:22:02
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