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Forex Trend Analysis Report
Prepared for you on Friday, December 13, 2024.
British Pound/Special drawing rights (FOREX:GBPXDR)
Crossroads (-60) - GBPXDR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Nov 17th, 2024 at 0.9583894
The intermediate-term trend has been UP since Dec 1st, 2024 at 0.9666249
The short-term trend has been UP since Nov 27th, 2024 at 0.9639726
Smart Scan Analysis for GBPXDR
Based on our trend formula, GBPXDR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9693813 | 0.9693813 | 0.9687491 | 0.9687491 | -0.0006320 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9644940 | 2024-12-09 18:36:58 |