Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
British Pound/Panamanian Balboa (FOREX:GBPPAB)
Weak Downtrend (-65) - GBPPAB is showing signs of a strengthening downtrend. Monitor GBPPAB as it may be building momentum to the downside.
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 UP since Oct 17th, 2019 at 1.2607000
The intermediate-term trend has been DOWN since Jan 20th, 2020 at 1.3039582
The short-term trend has been DOWN since Feb 17th, 2020 at 1.3029860
Smart Scan Analysis for GBPPAB
Based on our trend formula, GBPPAB is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).