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Forex Trend Analysis Report

Prepared for you on Wednesday, April 1, 2020.

British Pound/US Dollar (FOREX:GBPUSD)

Weak Downtrend (-65) - GBPUSD is showing signs of a strengthening downtrend. Monitor GBPUSD as it may be building momentum to the downside.

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
1.238300 1.243855 1.233000 1.239805 +0.001505
Entry Signal

MarketClub’s Trade Triangles for GBPUSD

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 1.276915

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2020 at 1.272645

short term up The short-term trend has been UP since Mar 25th, 2020 at 1.181670

Smart Scan Analysis for GBPUSD

Based on our trend formula, GBPUSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GBPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.238300 1.243855 1.233000 1.239805 +0.001505
Prev. Close Volume Bid Ask Time
1.238300 1.239730 1.239880 2020-04-01 14:17:54
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