Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
British Pound/ (FOREX:GBPLRD)
Bull Market Weakness (+75) - GBPLRD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPLRD as it may be in the beginning stages 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.
MarketClub’s Trade Triangles for GBPLRD
The long-term trend has been UP since Feb 9th, 2021 at 236.62525
The intermediate-term trend has been UP since Dec 8th, 2020 at 210.44126
The short-term trend has been DOWN since Feb 25th, 2021 at 242.82410
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).