Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
British Pound/ (FOREX:GBPLRD)
Strong Downtrend (-100) - GBPLRD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Jul 18th, 2021 at 237.95629
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 236.38974
The short-term trend has been DOWN since Sep 13th, 2021 at 237.53438
Smart Scan Analysis for GBPLRD
Based on our trend formula, GBPLRD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).