Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
British Pound/Lebanese Pound (FOREX:GBPLBP)
Bull Market Weakness (+75) - GBPLBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPLBP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPLBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPLBP
The long-term trend has been UP since Aug 10th, 2022 at 1922.7250
The intermediate-term trend has been UP since Jul 29th, 2022 at 1818.4366
The short-term trend has been UP since Jul 29th, 2022 at 1809.5859
Smart Scan Analysis for GBPLBP
Based on our trend formula, GBPLBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).