Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/Macau Pataca (FOREX:GBPMOP)
Countertrend Down (-85) - GBPMOP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GBPMOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPMOP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPMOP
The long-term trend has been DOWN since Feb 9th, 2020 at 10.324655
The intermediate-term trend has been DOWN since May 14th, 2020 at 9.789320
The short-term trend has been UP since May 19th, 2020 at 9.746189
Smart Scan Analysis for GBPMOP
Based on our trend formula, GBPMOP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).