Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
British Pound/ (FOREX:GBPLRD)
Long-Term Downtrend (-90) - GBPLRD is in a strong downtrend that is likely to continue. While GBPLRD 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 GBPLRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLRD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPLRD
The long-term trend has been DOWN since Mar 17th, 2020 at 243.73622
The intermediate-term trend has been DOWN since May 6th, 2020 at 247.10010
The short-term trend has been DOWN since May 24th, 2020 at 244.56259
Smart Scan Analysis for GBPLRD
Based on our trend formula, GBPLRD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).