Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
British Pound/ (FOREX:GBPBTN)
Strong Downtrend (-100) - GBPBTN is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPBTN continues to fall. Traders should use caution and set stops.
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 Sep 23rd, 2023 at 102.28456
The intermediate-term trend has been DOWN since Aug 24th, 2023 at 104.98352
The short-term trend has been DOWN since Sep 10th, 2023 at 103.98935
Smart Scan Analysis for GBPBTN
Based on our trend formula, GBPBTN is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).