Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
British Pound/Special drawing rights (FOREX:GBPXDR)
Countertrend Up (+85) - GBPXDR is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for GBPXDR
The long-term trend has been UP since Dec 1st, 2023 at 0.9478329
The intermediate-term trend has been UP since Nov 16th, 2023 at 0.9303073
The short-term trend has been UP since Nov 12th, 2023 at 0.9256151
Smart Scan Analysis for GBPXDR
Based on our trend formula, GBPXDR is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).