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Forex Trend Analysis Report

Prepared for you on Saturday, May 18, 2024.

/British Pound (FOREX:GHSGBP)

Strong Downtrend (-100) - GHSGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GHSGBP continues to fall. 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
0.0562468 0.0562468 0.0562468 0.0562468 0.0000000
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 Apr 24th, 2024 at 0.05953045

Smart Scan Analysis for GHSGBP

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

-100
Smart Scan Analysis for GHSGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0562468 0.0562468 0.0562468 0.0562468 0.0000000
Prev. Close Volume Bid Ask Time
0.0552811 2024-05-14 21:01:01
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