Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
British Pound/ (FOREX:GBPCDF)
Long-Term Downtrend (-90) - GBPCDF is in a strong downtrend that is likely to continue. While GBPCDF is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for GBPCDF
The long-term trend has been DOWN since Nov 18th, 2024 at 3612.1118
The intermediate-term trend has been DOWN since Dec 23rd, 2024 at 3597.0521
The short-term trend has been DOWN since Dec 15th, 2024 at 3626.1414
Smart Scan Analysis for GBPCDF
Based on our trend formula, GBPCDF is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3565.9363 | 3565.9363 | 3565.9363 | 3565.9363 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3624.3642 | 2024-12-23 07:25:13 |