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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

British Pound/Special drawing rights (FOREX:GBPXDR)

Weak Uptrend (+65) - GBPXDR is showing signs of weakening momentum to the upside. Monitor 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
0.9583656 0.9583656 0.9583316 0.9583316 -0.0000340
Entry Signal

MarketClub’s Trade Triangles for GBPXDR

long term up The long-term trend has been UP since May 20th, 2024 at 0.9609567

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2024 at 0.9713999

short term down The short-term trend has been DOWN since Jun 21st, 2024 at 0.9606692

Smart Scan Analysis for GBPXDR

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

+65
Smart Scan Analysis for GBPXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9583656 0.9583656 0.9583316 0.9583316 -0.0000340
Prev. Close Volume Bid Ask Time
0.9653744 2024-06-23 21:00:31
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