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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Special drawing rights/British Pound (FOREX:XDRGBP)

Strong Downtrend (-100) - XDRGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, XDRGBP continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid XDRGBP?

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

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

FOREX_XDRGBP
Open High Low XDRGBP Price Change
1.0406643 1.0406643 1.0399621 1.0399621 -0.0007020
Entry Signal

MarketClub’s Trade Triangles for XDRGBP

long term down The long-term trend has been DOWN since May 20th, 2024 at 1.0406296

intermediate term down The intermediate-term trend has been DOWN since May 16th, 2024 at 1.0492562

short term down The short-term trend has been DOWN since May 12th, 2024 at 1.0529296

Smart Scan Analysis for XDRGBP

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

-100
Smart Scan Analysis for XDRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0406643 1.0406643 1.0399621 1.0399621 -0.0007020
Prev. Close Volume Bid Ask Time
1.0375853 2024-05-26 21:00:24
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