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Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

British Pound/Panamanian Balboa (FOREX:GBPPAB)

Countertrend Down (-85) - GBPPAB is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_GBPPAB
Open High Low GBPPAB Price Change
1.2707107 1.2707107 1.2707107 1.2707107 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPPAB

long term down The long-term trend has been DOWN since Apr 2nd, 2024 at 1.2556580

intermediate term down The intermediate-term trend has been DOWN since Jun 14th, 2024 at 1.2715732

short term up The short-term trend has been UP since Jun 19th, 2024 at 1.2704709

Smart Scan Analysis for GBPPAB

Based on our trend formula, GBPPAB is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPPAB
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2707107 1.2707107 1.2707107 1.2707107 0.0000000
Prev. Close Volume Bid Ask Time
1.2690884 2024-06-19 03:18:40
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