Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/Lebanese Pound (FOREX:GBPLBP)
Countertrend Down (-85) - GBPLBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Jan 10th, 2020 at 1845.9500
The intermediate-term trend has been DOWN since May 6th, 2020 at 1867.3934
The short-term trend has been UP since May 19th, 2020 at 1849.1012
Smart Scan Analysis for GBPLBP
Based on our trend formula, GBPLBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).