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Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

Special drawing rights/British Pound (FOREX:XDRGBP)

Countertrend Down (-85) - XDRGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_XDRGBP
Open High Low XDRGBP Price Change
1.0711703 1.0711703 1.0711703 1.0711703 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRGBP

long term down The long-term trend has been DOWN since Jun 5th, 2020 at 1.0925637

intermediate term down The intermediate-term trend has been DOWN since Nov 5th, 2020 at 1.0831176

short term up The short-term trend has been UP since Dec 2nd, 2020 at 1.0697370

Smart Scan Analysis for XDRGBP

Based on our trend formula, XDRGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for XDRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0711703 1.0711703 1.0711703 1.0711703 0.0000000
Prev. Close Volume Bid Ask Time
1.0650885 2020-12-02 07:11:58
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