Forex Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
British Pound/Panamanian Balboa (FOREX:GBPPAB)
Sidelines Mode (+50) - GBPPAB is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPPAB can gain momentum.
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 UP since Jul 29th, 2022 at 1.2140256
The short-term trend has been UP since Jul 27th, 2022 at 1.1967454
Smart Scan Analysis for GBPPAB
Based on our trend formula, GBPPAB is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).