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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

British Pound/ (FOREX:GBPRSD)

Strong Uptrend (+100) - GBPRSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPRSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
137.69197 137.69197 137.65556 137.68461 -0.00736
Entry Signal

MarketClub’s Trade Triangles for GBPRSD

long term up The long-term trend has been UP since Jan 23rd, 2024 at 137.01832

intermediate term up The intermediate-term trend has been UP since May 22nd, 2024 at 137.25869

short term up The short-term trend has been UP since May 14th, 2024 at 136.36104

Smart Scan Analysis for GBPRSD

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

+100
Smart Scan Analysis for GBPRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
137.69197 137.69197 137.65556 137.68461 -0.00736
Prev. Close Volume Bid Ask Time
137.69197 2024-05-23 01:25:45
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