Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/Panamanian Balboa (FOREX:GBPPAB)
Countertrend Down (-85) - GBPPAB 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 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 Mar 16th, 2020 at 1.2866592
The intermediate-term trend has been DOWN since May 8th, 2020 at 1.2399574
The short-term trend has been UP since May 19th, 2020 at 1.2208559
Smart Scan Analysis for GBPPAB
Based on our trend formula, GBPPAB is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).