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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

/British Pound (FOREX:LRDGBP)

Sidelines Mode (-55) - LRDGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_LRDGBP
Open High Low LRDGBP Price Change
0.00405894 0.00405894 0.00405894 0.00405894 0.00000000
Entry Signal

MarketClub’s Trade Triangles for LRDGBP

long term down The long-term trend has been DOWN since Jun 10th, 2024 at 0.00401285

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2024 at 0.00411140

short term up The short-term trend has been UP since Jun 14th, 2024 at 0.00404673

Smart Scan Analysis for LRDGBP

Based on our trend formula, LRDGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for LRDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00405894 0.00405894 0.00405894 0.00405894 0.00000000
Prev. Close Volume Bid Ask Time
0.00405894 2024-06-14 07:26:14
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