Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

British Pound/ (FOREX:GBPLRD)

Bear Market Rally (-75) - GBPLRD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPLRD as it may be in the beginning of a reversal.

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.

FOREX_GBPLRD
Open High Low GBPLRD Price Change
185.85028 185.85028 185.85028 185.85028 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPLRD

long term down The long-term trend has been DOWN since Apr 4th, 2022 at 200.10196

intermediate term down The intermediate-term trend has been DOWN since Aug 10th, 2022 at 187.99427

short term up The short-term trend has been UP since Aug 1st, 2022 at 184.58155

Smart Scan Analysis for GBPLRD

Based on our trend formula, GBPLRD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for GBPLRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
185.85028 185.85028 185.85028 185.85028 0.00000
Prev. Close Volume Bid Ask Time
185.85028 2022-08-10 07:20:32
Get a free daily analysis and signals for British Pound/ (GBPLRD) - Request Your Free Report.