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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

British Pound/Special drawing rights (FOREX:GBPXDR)

Bull Market Weakness (+75) - GBPXDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPXDR as it may be in the beginning stages of a reversal.

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.

FOREX_GBPXDR
Open High Low GBPXDR Price Change
0.9788277 0.9788277 0.9788277 0.9788277 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPXDR

long term up The long-term trend has been UP since Jun 5th, 2020 at 0.9152784

intermediate term up The intermediate-term trend has been UP since Dec 24th, 2020 at 0.9393567

short term up The short-term trend has been UP since Feb 18th, 2021 at 0.9687930

Smart Scan Analysis for GBPXDR

Based on our trend formula, GBPXDR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9788277 0.9788277 0.9788277 0.9788277 0.0000000
Prev. Close Volume Bid Ask Time
0.9788277 2021-02-25 07:31:43
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