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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

British Pound/ (FOREX:GBPCDF)

Strong Uptrend (+100) - GBPCDF is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPCDF continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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.

FOREX_GBPCDF
Open High Low GBPCDF Price Change
3549.1669 3551.5632 3549.1669 3551.5632 +2.3963
Entry Signal

MarketClub’s Trade Triangles for GBPCDF

long term up The long-term trend has been UP since May 23rd, 2024 at 3552.2098

intermediate term up The intermediate-term trend has been UP since May 14th, 2024 at 3497.2729

short term up The short-term trend has been UP since May 12th, 2024 at 3487.6266

Smart Scan Analysis for GBPCDF

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

+100
Smart Scan Analysis for GBPCDF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3549.1669 3551.5632 3549.1669 3551.5632 +2.3963
Prev. Close Volume Bid Ask Time
3549.1669 2024-05-26 21:00:24
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