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Forex Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
US Dollar/British Pound (FOREX:USDGBP)
Bull Market Weakness (+75) - USDGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDGBP as it may be in the beginning stages of a reversal.
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 DOWN since Jul 10th, 2024 at 0.7775850
The intermediate-term trend has been UP since Oct 7th, 2024 at 0.7650800
The short-term trend has been UP since Oct 16th, 2024 at 0.7674362
Smart Scan Analysis for USDGBP
Based on our trend formula, USDGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7715454 | 0.7715454 | 0.7714859 | 0.7715454 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7715454 | 2024-10-26 04:48:05 |