Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
British Pound/ (FOREX:GBPLRD)
Sidelines Mode (+50) - GBPLRD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPLRD can gain momentum.
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 Oct 19th, 2023 at 232.09416
The intermediate-term trend has been UP since Nov 6th, 2023 at 233.03613
The short-term trend has been UP since Nov 6th, 2023 at 232.28957
Smart Scan Analysis for GBPLRD
Based on our trend formula, GBPLRD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).