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.
|
MarketClub’s Trade Triangles for GBPUSD
The long-term trend has been UP since Dec 14th, 2023 at 1.273290
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 1.264985
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).
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 |