Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
British Pound/ (FOREX:GBPRSD)
Bull Market Weakness (+75) - GBPRSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPRSD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for GBPRSD
The long-term trend has been DOWN since Oct 19th, 2023 at 134.69658
The intermediate-term trend has been UP since Nov 29th, 2023 at 135.35432
The short-term trend has been UP since Nov 24th, 2023 at 134.07196
Smart Scan Analysis for GBPRSD
Based on our trend formula, GBPRSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).