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Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

British Pound/US Dollar (FOREX:GBPUSD)

Bear Market Rally (-75) - GBPUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPUSD as it may be in the beginning of a reversal.

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

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

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

FOREX_GBPUSD
Open High Low GBPUSD Price Change
1.224080 1.232625 1.221700 1.224735 +0.000655
Entry Signal

MarketClub’s Trade Triangles for GBPUSD

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 1.276915

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2020 at 1.272645

short term down The short-term trend has been DOWN since Apr 3rd, 2020 at 1.228595

Smart Scan Analysis for GBPUSD

Based on our trend formula, GBPUSD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for GBPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.224080 1.232625 1.221700 1.224735 +0.000655
Prev. Close Volume Bid Ask Time
1.224080 1.224610 1.224860 2020-04-06 15:27:49
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