Forex Trend Analysis Report
Prepared for you on Sunday, June 4, 2023.
British Pound/ (FOREX:GBPAWG)
Crossroads (-60) - GBPAWG is struggling to move into a solid trend. Beware of choppy markets 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 Mar 30th, 2023 at 2.2315894
The intermediate-term trend has been DOWN since May 18th, 2023 at 2.2396417
The short-term trend has been DOWN since May 12th, 2023 at 2.2572904
Smart Scan Analysis for GBPAWG
Based on our trend formula, GBPAWG is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).