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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 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
138.69758 138.75628 138.60553 138.72943 +0.03185
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 Jul 11th, 2024 at 139.02678

short term down The short-term trend has been DOWN since Jul 25th, 2024 at 138.82939

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
138.69758 138.75628 138.60553 138.72943 +0.03185
Prev. Close Volume Bid Ask Time
138.69758 2024-07-26 14:00:13
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