Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

British Pound/Special drawing rights (FOREX:GBPXDR)

Weak Downtrend (-65) - GBPXDR is showing signs of a strengthening downtrend. Monitor GBPXDR as it may be building momentum to the downside.

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
0.893265 0.893265 0.893265 0.893265 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPXDR

long term up The long-term trend has been UP since Dec 1st, 2022 at 0.9129125

intermediate term down The intermediate-term trend has been DOWN since Feb 7th, 2023 at 0.9031766

short term down The short-term trend has been DOWN since Feb 2nd, 2023 at 0.9159094

Smart Scan Analysis for GBPXDR

Based on our trend formula, GBPXDR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.893265 0.893265 0.893265 0.893265 0.000000
Prev. Close Volume Bid Ask Time
0.893265 2023-02-07 07:16:36
Get a free daily analysis and signals for British Pound/Special drawing rights (GBPXDR) - Request Your Free Report.