Forex Trend Analysis Report
Prepared for you on Tuesday, July 5, 2022.
/British Pound (FOREX:CDFGBP)
Countertrend Up (+85) - CDFGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Apr 8th, 2022 at 0.00038298
The intermediate-term trend has been UP since Jun 14th, 2022 at 0.00040016
The short-term trend has been UP since Jun 14th, 2022 at 0.00040016
Smart Scan Analysis for CDFGBP
Based on our trend formula, CDFGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).