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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 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.
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MarketClub’s Trade Triangles for GBPUSD
The long-term trend has been DOWN since Nov 14th, 2024 at 1.266525
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 1.307145
The short-term trend has been UP since Nov 20th, 2024 at 1.269550
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.265280 | 1.265735 | 1.262345 | 1.262725 | -0.002555 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.265280 | 2024-11-21 05:52:25 |