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Forex Trend Analysis Report
Prepared for you on Thursday, January 2, 2025.
British Pound/ (FOREX:GBPRSD)
Sidelines Mode (+55) - GBPRSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPRSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPRSD.
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 GBPRSD
The long-term trend has been UP since Sep 20th, 2024 at 139.55521
The intermediate-term trend has been UP since Nov 11th, 2024 at 141.02277
The short-term trend has been DOWN since Jan 2nd, 2025 at 140.82779
Smart Scan Analysis for GBPRSD
Based on our trend formula, GBPRSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 141.04402 | 141.05358 | 140.63283 | 140.63283 | -0.41119 |
| Prev. Close | Volume | Bid | Ask | Time |
| 141.04402 | 2025-01-02 10:22:57 |