Forex Trend Analysis Report
Prepared for you on Thursday, May 28, 2020.
British Pound/ (FOREX:GBPCDF)
Bull Market Weakness (+75) - GBPCDF is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPCDF as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPCDF?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPCDF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPCDF
The long-term trend has been UP since May 21st, 2020 at 2223.9181
The intermediate-term trend has been UP since May 20th, 2020 at 2206.3317
The short-term trend has been UP since May 20th, 2020 at 2206.3317
Smart Scan Analysis for GBPCDF
Based on our trend formula, GBPCDF is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).