Forex Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
British Pound/ (FOREX:GBPBTN)
Crossroads (-60) - GBPBTN 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 GBPBTN?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBTN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPBTN
The long-term trend has been DOWN since Aug 20th, 2021 at 101.46002
The intermediate-term trend has been UP since Oct 18th, 2021 at 101.80182
The short-term trend has been UP since Oct 4th, 2021 at 100.97708
Smart Scan Analysis for GBPBTN
Based on our trend formula, GBPBTN is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).