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Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
British Pound/Brunei Dollar (FOREX:GBPBND)
Sidelines Mode (-55) - GBPBND 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 GBPBND?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBND.
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 GBPBND
The long-term trend has been UP since Jan 8th, 2024 at 1.6898191
The intermediate-term trend has been DOWN since Apr 12th, 2024 at 1.6994931
The short-term trend has been UP since Apr 28th, 2024 at 1.6976534
Smart Scan Analysis for GBPBND
Based on our trend formula, GBPBND is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.7014262 | 1.7014262 | 1.7011677 | 1.7011677 | -0.0002580 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.6969449 | 2024-05-02 21:02:41 |