Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
/British Pound (FOREX:CDFGBP)
Strong Downtrend (-100) - CDFGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CDFGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for CDFGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CDFGBP
The long-term trend has been DOWN since May 21st, 2020 at 0.00044973
The intermediate-term trend has been DOWN since May 20th, 2020 at 0.00045332
The short-term trend has been DOWN since May 20th, 2020 at 0.00045332
Smart Scan Analysis for CDFGBP
Based on our trend formula, CDFGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).