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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Special drawing rights/British Pound (FOREX:XDRGBP)
Bull Market Weakness (+75) - XDRGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XDRGBP as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for XDRGBP
The long-term trend has been UP since Nov 17th, 2024 at 1.0434172
The intermediate-term trend has been UP since Oct 9th, 2024 at 1.0222431
The short-term trend has been UP since Oct 31st, 2024 at 1.0257897
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0424813 | 1.0424813 | 1.0424813 | 1.0424813 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0424813 | 2024-11-18 13:11:45 |