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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
British Pound/Special drawing rights (FOREX:GBPXDR)
Long-Term Downtrend (-90) - GBPXDR is in a strong downtrend that is likely to continue. While GBPXDR 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 GBPXDR?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPXDR.
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 GBPXDR
The long-term trend has been DOWN since Nov 17th, 2024 at 0.9583894
The intermediate-term trend has been DOWN since Oct 9th, 2024 at 0.9782409
The short-term trend has been DOWN since Oct 31st, 2024 at 0.9748587
Smart Scan Analysis for GBPXDR
Based on our trend formula, GBPXDR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9639726 | 0.9639726 | 0.9636198 | 0.9636198 | -0.0003530 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9639726 | 2024-11-20 19:11:56 |