Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 2021.
British Pound/ (FOREX:GBPAWG)
Sidelines Mode (+50) - GBPAWG is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPAWG can gain momentum.
Is it time to buy, sell, or avoid GBPAWG?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPAWG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPAWG
The long-term trend has been DOWN since Jul 7th, 2021 at 2.4800050
The intermediate-term trend has been UP since Oct 19th, 2021 at 2.4734315
The short-term trend has been UP since Oct 15th, 2021 at 2.4541842
Smart Scan Analysis for GBPAWG
Based on our trend formula, GBPAWG is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).