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Forex Trend Analysis Report
Prepared for you on Friday, April 26, 2024.
British Pound/ (FOREX:GBPBTN)
Bear Market Rally (-75) - GBPBTN is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPBTN as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPBTN?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBTN.
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 GBPBTN
The long-term trend has been DOWN since Apr 15th, 2024 at 104.22309
The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 105.18758
The short-term trend has been UP since Apr 26th, 2024 at 103.68358
Smart Scan Analysis for GBPBTN
Based on our trend formula, GBPBTN is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 104.24663 | 104.24663 | 104.24663 | 104.24663 | 0.00000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 104.24663 | 2024-04-26 07:26:04 |