Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
British Pound/Panamanian Balboa (FOREX:GBPPAB)
Bear Market Rally (-75) - GBPPAB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPPAB as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPPAB?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPAB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPPAB
The long-term trend has been DOWN since Jul 19th, 2021 at 1.3769030
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 1.3791729
The short-term trend has been UP since Oct 9th, 2021 at 1.3587363
Smart Scan Analysis for GBPPAB
Based on our trend formula, GBPPAB is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).