Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Special drawing rights/British Pound (FOREX:XDRGBP)
Bear Market Rally (-75) - XDRGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XDRGBP as it may be in the beginning 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.
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MarketClub’s Trade Triangles for XDRGBP
The long-term trend has been DOWN since May 20th, 2024 at 1.0406296
The intermediate-term trend has been DOWN since Jun 13th, 2024 at 1.0294421
The short-term trend has been UP since Jul 21st, 2024 at 1.0219316
Smart Scan Analysis for XDRGBP
Based on our trend formula, XDRGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
1.0304714 | 1.0304714 | 1.0304714 | 1.0304714 | 0.0000000 |
Prev. Close | Volume | Bid | Ask | Time |
1.0304714 | 2024-07-26 14:00:16 |