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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

/British Pound (FOREX:RSDGBP)

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

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

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

FOREX_RSDGBP
Open High Low RSDGBP Price Change
0.00726159 0.00726490 0.00726032 0.00726490 +0.00000300
Entry Signal

MarketClub’s Trade Triangles for RSDGBP

long term down The long-term trend has been DOWN since Jan 23rd, 2024 at 0.00729829

intermediate term down The intermediate-term trend has been DOWN since May 22nd, 2024 at 0.00728552

short term down The short-term trend has been DOWN since May 14th, 2024 at 0.00733348

Smart Scan Analysis for RSDGBP

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

-90
Smart Scan Analysis for RSDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00726159 0.00726490 0.00726032 0.00726490 +0.00000300
Prev. Close Volume Bid Ask Time
0.00726159 2024-05-30 04:35:53
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