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Forex Trend Analysis Report

Prepared for you on Monday, December 6, 2021.

Special drawing rights/British Pound (FOREX:XDRGBP)

Bull Market Weakness (+75) - XDRGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on XDRGBP as it may be in the beginning stages of a reversal.

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
1.0552322 1.0552322 1.0552322 1.0552322 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRGBP

long term up The long-term trend has been UP since Nov 10th, 2021 at 1.0414106

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2021 at 1.0304149

short term up The short-term trend has been UP since Dec 3rd, 2021 at 1.0446422

Smart Scan Analysis for XDRGBP

Based on our trend formula, XDRGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for XDRGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0552322 1.0552322 1.0552322 1.0552322 0.0000000
Prev. Close Volume Bid Ask Time
1.0552322 2021-12-04 05:18:41
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