Forex Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
British Pound/ (FOREX:GBPAWG)
Bear Market Rally (-75) - GBPAWG is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPAWG as it may be in the beginning of a reversal.
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 Aug 2nd, 2022 at 2.1634789
The short-term trend has been DOWN since Jun 17th, 2022 at 2.2586110
Smart Scan Analysis for GBPAWG
Based on our trend formula, GBPAWG is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).