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Forex Trend Analysis Report

Prepared for you on Tuesday, October 8, 2024.

/British Pound (FOREX:GHSGBP)

Bear Market Rally (-75) - GHSGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GHSGBP as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid GHSGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for GHSGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GHSGBP
Open High Low GHSGBP Price Change
0.04800824 0.04800824 0.04794232 0.04794232 -0.00006600
Entry Signal

MarketClub’s Trade Triangles for GHSGBP

long term down The long-term trend has been DOWN since Jul 23rd, 2023 at 0.06713112

intermediate term down The intermediate-term trend has been DOWN since Aug 14th, 2024 at 0.05000605

short term up The short-term trend has been UP since Oct 3rd, 2024 at 0.04751692

Smart Scan Analysis for GHSGBP

Based on our trend formula, GHSGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GHSGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.04800824 0.04800824 0.04794232 0.04794232 -0.00006600
Prev. Close Volume Bid Ask Time
0.04800824 2024-10-05 07:23:01
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