Forex Trend Analysis Report
Prepared for you on Tuesday, March 9, 2021.
British Pound/Macau Pataca (FOREX:GBPMOP)
Sidelines Mode (+55) - GBPMOP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jul 29th, 2020 at 10.194466
The intermediate-term trend has been UP since Nov 9th, 2020 at 10.498572
The short-term trend has been DOWN since Mar 1st, 2021 at 11.276314
Smart Scan Analysis for GBPMOP
Based on our trend formula, GBPMOP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).