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Forex Trend Analysis Report

Prepared for you on Wednesday, January 19, 2022.

/British Pound (FOREX:SLLGBP)

Long-Term Downtrend (-90) - SLLGBP is in a strong downtrend that is likely to continue. While SLLGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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FOREX_SLLGBP
Open High Low SLLGBP Price Change
0.00006479 0.00006479 0.00006479 0.00006479 0.00000000
Entry Signal

MarketClub’s Trade Triangles for SLLGBP

long term down The long-term trend has been DOWN since Oct 19th, 2021 at 0.00006851

intermediate term down The intermediate-term trend has been DOWN since Dec 14th, 2021 at 0.00006741

short term down The short-term trend has been DOWN since Jan 10th, 2022 at 0.00006516

Smart Scan Analysis for SLLGBP

Based on our trend formula, SLLGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SLLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00006479 0.00006479 0.00006479 0.00006479 0.00000000
Prev. Close Volume Bid Ask Time
0.00006479 2022-01-10 07:18:19
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