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Forex Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
British Pound/Special drawing rights (FOREX:GBPXDR)
Countertrend Down (-85) - GBPXDR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 Apr 14th, 2024 at 0.9414853
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 0.9528379
The short-term trend has been UP since Apr 18th, 2024 at 0.9447142
Smart Scan Analysis for GBPXDR
Based on our trend formula, GBPXDR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9482451 | 0.9482451 | 0.9482451 | 0.9482451 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9443053 | 2024-04-18 07:26:29 |