Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

/British Pound (FOREX:CDFGBP)

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

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

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

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

FOREX_CDFGBP
Open High Low CDFGBP Price Change
0.00028171 0.00028178 0.00028171 0.00028178 0.00000000
Entry Signal

MarketClub’s Trade Triangles for CDFGBP

long term up The long-term trend has been UP since Apr 17th, 2024 at 0.00028921

intermediate term down The intermediate-term trend has been DOWN since May 14th, 2024 at 0.00028596

short term down The short-term trend has been DOWN since May 12th, 2024 at 0.00028675

Smart Scan Analysis for CDFGBP

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

-70
Smart Scan Analysis for CDFGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00028171 0.00028178 0.00028171 0.00028178 0.00000000
Prev. Close Volume Bid Ask Time
0.00028171 2024-05-21 21:51:51
Get a free daily analysis and signals for /British Pound (CDFGBP) - Request Your Free Report.