Forex Trend Analysis Report
Prepared for you on Wednesday, March 3, 2021.
/British Pound (FOREX:AWGGBP)
Bear Market Rally (-75) - AWGGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on AWGGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid AWGGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for AWGGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AWGGBP
The long-term trend has been DOWN since Jul 27th, 2020 at 0.43561221
The intermediate-term trend has been DOWN since Oct 5th, 2020 at 0.43125237
The short-term trend has been UP since Mar 2nd, 2021 at 0.39639374
Smart Scan Analysis for AWGGBP
Based on our trend formula, AWGGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).