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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

Special drawing rights/British Pound (FOREX:XDRGBP)

Weak Downtrend (-65) - XDRGBP is showing signs of a strengthening downtrend. Monitor XDRGBP as it may be building momentum to the downside.

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
1.0273549 1.0273549 1.0273549 1.0273549 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRGBP

long term up The long-term trend has been UP since Jul 2nd, 2021 at 1.0372357

intermediate term down The intermediate-term trend has been DOWN since Oct 14th, 2021 at 1.0343898

short term down The short-term trend has been DOWN since Oct 14th, 2021 at 1.0343898

Smart Scan Analysis for XDRGBP

Based on our trend formula, XDRGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for XDRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0273549 1.0273549 1.0273549 1.0273549 0.0000000
Prev. Close Volume Bid Ask Time
1.0273549 2021-10-14 07:18:44
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