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Forex Trend Analysis Report
Prepared for you on Tuesday, April 23, 2024.
US Dollar/British Pound (FOREX:USDGBP)
Long-Term Uptrend (+90) - USDGBP is in a strong uptrend that is likely to continue. While USDGBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid USDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDGBP
The long-term trend has been UP since Apr 11th, 2024 at 0.79885
The intermediate-term trend has been UP since Mar 27th, 2024 at 0.79055
The short-term trend has been UP since Apr 10th, 2024 at 0.79285
Smart Scan Analysis for USDGBP
Based on our trend formula, USDGBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.80963 | 0.81095 | 0.80710 | 0.80886 | -0.00077 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.80963 | 2024-04-23 05:32:54 |