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Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
British Pound/ (FOREX:GBPRSD)
Sidelines Mode (-55) - GBPRSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPRSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPRSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPRSD
The long-term trend has been DOWN since Feb 1st, 2023 at 131.88335
The intermediate-term trend has been UP since Mar 15th, 2023 at 134.00983
The short-term trend has been DOWN since Mar 21st, 2023 at 133.11015
Smart Scan Analysis for GBPRSD
Based on our trend formula, GBPRSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 134.20053 | 134.25485 | 132.88879 | 132.92527 | -1.27526 |
| Prev. Close | Volume | Bid | Ask | Time |
| 134.20053 | 2023-03-21 11:28:45 |