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Forex Trend Analysis Report

Prepared for you on Friday, October 4, 2024.

British Pound/ (FOREX:GBPRSD)

Weak Uptrend (+65) - GBPRSD is showing signs of weakening momentum to the upside. Monitor GBPRSD as it may be in the beginning stages of a reversal.

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.

FOREX_GBPRSD
Open High Low GBPRSD Price Change
139.31958 139.32434 139.31958 139.32434 +0.00476
Entry Signal

MarketClub’s Trade Triangles for GBPRSD

long term up The long-term trend has been UP since Sep 20th, 2024 at 139.55521

intermediate term up The intermediate-term trend has been UP since Aug 26th, 2024 at 138.16387

short term down The short-term trend has been DOWN since Oct 3rd, 2024 at 140.28693

Smart Scan Analysis for GBPRSD

Based on our trend formula, GBPRSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
139.31958 139.32434 139.31958 139.32434 +0.00476
Prev. Close Volume Bid Ask Time
139.31958 2024-10-04 01:48:57
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