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Forex Trend Analysis Report

Prepared for you on Wednesday, March 29, 2023.

British Pound/US Dollar (FOREX:GBPUSD)

Bull Market Weakness (+75) - GBPUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPUSD as it may be in the beginning stages 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.

FOREX_GBPUSD
Open High Low GBPUSD Price Change
1.232670 1.233435 1.230550 1.232675 +0.000005
Entry Signal

MarketClub’s Trade Triangles for GBPUSD

long term down The long-term trend has been DOWN since Mar 7th, 2023 at 1.184140

intermediate term up The intermediate-term trend has been UP since Mar 13th, 2023 at 1.214475

short term up The short-term trend has been UP since Mar 19th, 2023 at 1.220020

Smart Scan Analysis for GBPUSD

Based on our trend formula, GBPUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.232670 1.233435 1.230550 1.232675 +0.000005
Prev. Close Volume Bid Ask Time
1.232670 2023-03-29 05:19:21
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