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Forex Trend Analysis Report

Prepared for you on Thursday, May 2, 2024.

British Pound/Special drawing rights (FOREX:GBPXDR)

Weak Downtrend (-65) - GBPXDR is showing signs of a strengthening downtrend. Monitor GBPXDR as it may be building momentum to the downside.

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.

FOREX_GBPXDR
Open High Low GBPXDR Price Change
0.9497311 0.9497311 0.9497311 0.9497311 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPXDR

long term down The long-term trend has been DOWN since Apr 14th, 2024 at 0.9414853

intermediate term down The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 0.9528379

short term up The short-term trend has been UP since Apr 28th, 2024 at 0.9467146

Smart Scan Analysis for GBPXDR

Based on our trend formula, GBPXDR is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GBPXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9497311 0.9497311 0.9497311 0.9497311 0.0000000
Prev. Close Volume Bid Ask Time
0.9497311 2024-05-02 07:26:26
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