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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

British Pound/US Dollar (FOREX:GBPUSD)

Crossroads (-60) - GBPUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
1.262715 1.265345 1.258630 1.263480 +0.000765
Entry Signal

MarketClub’s Trade Triangles for GBPUSD

long term up The long-term trend has been UP since Dec 14th, 2023 at 1.273290

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 1.264985

short term down The short-term trend has been DOWN since Mar 21st, 2024 at 1.266790

Smart Scan Analysis for GBPUSD

Based on our trend formula, GBPUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.262715 1.265345 1.258630 1.263480 +0.000765
Prev. Close Volume Bid Ask Time
1.262715 2024-03-28 12:05:14
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