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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
US Dollar/British Pound (FOREX:USDGBP)
Countertrend Up (+85) - USDGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDGBP.
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 USDGBP
The long-term trend has been UP since Nov 14th, 2024 at 0.78960
The intermediate-term trend has been UP since Oct 7th, 2024 at 0.76508
The short-term trend has been DOWN since Nov 20th, 2024 at 0.78765
Smart Scan Analysis for USDGBP
Based on our trend formula, USDGBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.79035 | 0.79075 | 0.79005 | 0.79061 | +0.00026 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.79035 | 2024-11-21 01:47:04 |