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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/ (FOREX:GBPCDF)
Countertrend Up (+85) - GBPCDF is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid GBPCDF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCDF.
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 GBPCDF
The long-term trend has been UP since May 23rd, 2024 at 3552.2098
The intermediate-term trend has been UP since Jul 7th, 2024 at 3626.2581
The short-term trend has been DOWN since Jul 23rd, 2024 at 3670.9191
Smart Scan Analysis for GBPCDF
Based on our trend formula, GBPCDF is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3647.9039 | 3647.9039 | 3647.2122 | 3647.2122 | -0.6917 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3647.9039 | 2024-07-26 14:00:16 |