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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/US Dollar (FOREX:GBPUSD)
Bear Market Rally (-75) - GBPUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPUSD.
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 GBPUSD
The long-term trend has been DOWN since Nov 14th, 2024 at 1.266525
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 1.307145
The short-term trend has been UP since Nov 20th, 2024 at 1.269550
Smart Scan Analysis for GBPUSD
Based on our trend formula, GBPUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.268500 | 1.271455 | 1.264985 | 1.266850 | -0.001650 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.268500 | 2024-11-20 07:38:51 |