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Forex Trend Analysis Report
Prepared for you on Wednesday, May 1, 2024.
British Pound/Australian Dollar (FOREX:GBPAUD)
Bull Market Weakness (+75) - GBPAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPAUD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPAUD.
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 GBPAUD
The long-term trend has been UP since Jan 17th, 2024 at 1.934165
The intermediate-term trend has been DOWN since Apr 23rd, 2024 at 1.911075
The short-term trend has been UP since Apr 30th, 2024 at 1.920295
Smart Scan Analysis for GBPAUD
Based on our trend formula, GBPAUD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.928575 | 1.928975 | 1.924885 | 1.927815 | -0.000760 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.928575 | 2024-05-01 05:46:51 |