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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

Special drawing rights/British Pound (FOREX:XDRGBP)

Weak Downtrend (-65) - XDRGBP is showing signs of a strengthening downtrend. Monitor XDRGBP as it may be building momentum to the downside.

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
1.0290389 1.0290389 1.0290389 1.0290389 0.0000000
Entry Signal

MarketClub’s Trade Triangles for XDRGBP

long term up The long-term trend has been UP since Nov 17th, 2024 at 1.0434172

intermediate term down The intermediate-term trend has been DOWN since Dec 1st, 2024 at 1.0345275

short term down The short-term trend has been DOWN since Nov 27th, 2024 at 1.0373739

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
1.0290389 1.0290389 1.0290389 1.0290389 0.0000000
Prev. Close Volume Bid Ask Time
1.0290389 2024-12-06 07:25:22
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