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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
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.
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MarketClub’s Trade Triangles for GBPXDR
The long-term trend has been UP since May 20th, 2024 at 0.9609567
The intermediate-term trend has been UP since Jun 13th, 2024 at 0.9713999
The short-term trend has been DOWN since Jul 21st, 2024 at 0.9785390
Smart Scan Analysis for GBPXDR
Based on our trend formula, GBPXDR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9704296 | 0.9704296 | 0.9704296 | 0.9704296 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9704296 | 2024-07-26 14:00:16 |