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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

/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
0.00538226 0.00538226 0.00538226 0.00538226 0.00000000
Entry Signal

MarketClub’s Trade Triangles for LRDGBP

long term up The long-term trend has been UP since Apr 4th, 2022 at 0.00499876

intermediate term up The intermediate-term trend has been UP since Aug 10th, 2022 at 0.00532088

short term down The short-term trend has been DOWN since Aug 1st, 2022 at 0.00541923

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
0.00538226 0.00538226 0.00538226 0.00538226 0.00000000
Prev. Close Volume Bid Ask Time
0.00538226 2022-08-10 07:20:32
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