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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
British Pound/Surinamese Dollar (FOREX:GBPSRD)
Long-Term Downtrend (-90) - GBPSRD is in a strong downtrend that is likely to continue. While GBPSRD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPSRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSRD.
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 GBPSRD
The long-term trend has been DOWN since Oct 3rd, 2023 at 47.298
The intermediate-term trend has been DOWN since Jan 19th, 2024 at 46.353
The short-term trend has been DOWN since Jan 19th, 2024 at 46.353
Smart Scan Analysis for GBPSRD
Based on our trend formula, GBPSRD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 44.1095 | 44.1095 | 44.1095 | 44.1095 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 44.1095 | 43.6810 | 44.5380 | 2024-04-02 10:45:24 |