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Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2025.
British Pound/Special drawing rights (FOREX:GBPXDR)
Sidelines Mode (+50) - GBPXDR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPXDR can gain momentum.
Is it time to buy, sell, or avoid GBPXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPXDR.
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 GBPXDR
The long-term trend has been DOWN since Nov 17th, 2024 at 0.9583894
The intermediate-term trend has been UP since Feb 2nd, 2025 at 0.9496258
The short-term trend has been UP since Jan 29th, 2025 at 0.9416513
Smart Scan Analysis for GBPXDR
Based on our trend formula, GBPXDR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9650299 | 0.9650299 | 0.9650299 | 0.9650299 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9650299 | 2025-02-22 01:41:06 |