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Forex Trend Analysis Report

Prepared for you on Saturday, April 4, 2020.

/British Pound (FOREX:XDRGBP)

Sidelines Mode (-55) - XDRGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.0980673 1.0980673 1.0980673 1.0980673 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRGBP

long term up The long-term trend has been UP since Mar 17th, 2020 at 1.0624394

intermediate term down The intermediate-term trend has been DOWN since Mar 24th, 2020 at 1.1392665

short term up The short-term trend has been UP since Feb 27th, 2020 at 1.0580068

Smart Scan Analysis for XDRGBP

Based on our trend formula, XDRGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for XDRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0980673 1.0980673 1.0980673 1.0980673 0.0000000
Prev. Close Volume Bid Ask Time
1.0980673 1.0980673 1.0980673 2020-04-02 07:19:26
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