Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
British Pound/Lebanese Pound (FOREX:GBPLBP)
Long-Term Downtrend (-90) - GBPLBP is in a strong downtrend that is likely to continue. While GBPLBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 Dec 23rd, 2019 at 1951.6468
The short-term trend has been DOWN since Feb 19th, 2020 at 1970.4102
Smart Scan Analysis for GBPLBP
Based on our trend formula, GBPLBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).