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Forex Trend Analysis Report

Prepared for you on Wednesday, December 4, 2024.

Australian Dollar/British Pound (FOREX:AUDGBP)

Long-Term Downtrend (-90) - AUDGBP is in a strong downtrend that is likely to continue. While AUDGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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

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

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

FOREX_AUDGBP
Open High Low AUDGBP Price Change
0.507755 0.508260 0.505100 0.506905 -0.000850
Entry Signal

MarketClub’s Trade Triangles for AUDGBP

long term down The long-term trend has been DOWN since Jul 22nd, 2024 at 0.513295

intermediate term down The intermediate-term trend has been DOWN since Dec 3rd, 2024 at 0.509070

short term down The short-term trend has been DOWN since Nov 25th, 2024 at 0.514660

Smart Scan Analysis for AUDGBP

Based on our trend formula, AUDGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for AUDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.507755 0.508260 0.505100 0.506905 -0.000850
Prev. Close Volume Bid Ask Time
0.507755 2024-12-04 16:08:07
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