Forex Trend Analysis Report
Prepared for you on Wednesday, February 26, 2020.
British Pound/Macau Pataca (FOREX:GBPMOP)
Long-Term Downtrend (-90) - GBPMOP is in a strong downtrend that is likely to continue. While GBPMOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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 Dec 24th, 2019 at 10.456489
The short-term trend has been DOWN since Feb 19th, 2020 at 10.410027
Smart Scan Analysis for GBPMOP
Based on our trend formula, GBPMOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).