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.
MarketClub’s Trade Triangles for GBPLRD
The long-term trend has been DOWN since Apr 4th, 2022 at 200.10196
The intermediate-term trend has been DOWN since Aug 10th, 2022 at 187.99427
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).