Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
British Pound/Kuwaiti Dinar (FOREX:GBPKWD)
Bull Market Weakness (+75) - GBPKWD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPKWD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPKWD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPKWD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPKWD
The long-term trend has been UP since Dec 1st, 2023 at 0.39215255
The intermediate-term trend has been UP since Nov 3rd, 2023 at 0.38083478
The short-term trend has been DOWN since Dec 4th, 2023 at 0.38962349
Smart Scan Analysis for GBPKWD
Based on our trend formula, GBPKWD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).