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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

/British Pound (FOREX:GHSGBP)

Long-Term Downtrend (-90) - GHSGBP is in a strong downtrend that is likely to continue. While GHSGBP 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 GHSGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for GHSGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GHSGBP
Open High Low GHSGBP Price Change
0.05980198 0.05980918 0.05979637 0.05980918 +0.00000700
Entry Signal

MarketClub’s Trade Triangles for GHSGBP

long term down The long-term trend has been DOWN since Jul 23rd, 2023 at 0.06713112

intermediate term down The intermediate-term trend has been DOWN since Jan 21st, 2024 at 0.06540241

short term down The short-term trend has been DOWN since Feb 8th, 2024 at 0.06400841

Smart Scan Analysis for GHSGBP

Based on our trend formula, GHSGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for GHSGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.05980198 0.05980918 0.05979637 0.05980918 +0.00000700
Prev. Close Volume Bid Ask Time
0.05980198 2024-03-29 08:19:02
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