Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
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 Jul 2nd, 2021 at 11.005137
The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 11.058168
The short-term trend has been UP since Oct 14th, 2021 at 10.920947
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).