Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
British Pound/ (FOREX:GBPAWG)
Sidelines Mode (+55) - GBPAWG is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jul 27th, 2020 at 2.2968552
The intermediate-term trend has been UP since Oct 5th, 2020 at 2.3188826
The short-term trend has been DOWN since Mar 2nd, 2021 at 2.5228037
Smart Scan Analysis for GBPAWG
Based on our trend formula, GBPAWG is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).