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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

/British Pound (FOREX:SLLGBP)

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

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.

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

FOREX_SLLGBP
Open High Low SLLGBP Price Change
0.00007037 0.00007037 0.00007037 0.00007037 0.00000000
Entry Signal

MarketClub’s Trade Triangles for SLLGBP

long term down The long-term trend has been DOWN since Jul 27th, 2020 at 0.00008052

intermediate term down The intermediate-term trend has been DOWN since Apr 5th, 2021 at 0.00006949

short term up The short-term trend has been UP since Apr 6th, 2021 at 0.00006971

Smart Scan Analysis for SLLGBP

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

-75
Smart Scan Analysis for SLLGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00007037 0.00007037 0.00007037 0.00007037 0.00000000
Prev. Close Volume Bid Ask Time
0.00007037 2021-05-06 07:26:09
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