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Forex Trend Analysis Report

Prepared for you on Wednesday, October 21, 2020.

British Pound/ (FOREX:GBPLRD)

Crossroads (-60) - GBPLRD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid GBPLRD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLRD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPLRD
Open High Low GBPLRD Price Change
254.1714 254.1714 254.1714 254.1714 0.0000
Entry Signal

MarketClub’s Trade Triangles for GBPLRD

long term up The long-term trend has been UP since Jul 22nd, 2020 at 254.82517

intermediate term down The intermediate-term trend has been DOWN since Oct 18th, 2020 at 255.03348

short term down The short-term trend has been DOWN since Oct 14th, 2020 at 257.08972

Smart Scan Analysis for GBPLRD

Based on our trend formula, GBPLRD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPLRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
254.1714 254.1714 254.1714 254.1714 0.0000
Prev. Close Volume Bid Ask Time
254.1714 2020-10-21 21:00:24
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