Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
Australian Dollar/British Pound (FOREX:AUDGBP)
Weak Downtrend (-65) - AUDGBP is showing signs of a strengthening downtrend. Monitor AUDGBP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid AUDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AUDGBP
The long-term trend has been UP since Dec 11th, 2020 at 0.5716
The intermediate-term trend has been DOWN since Feb 26th, 2021 at 0.5548
The short-term trend has been DOWN since Feb 26th, 2021 at 0.5577
Smart Scan Analysis for AUDGBP
Based on our trend formula, AUDGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).