Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
British Pound/ (FOREX:GBPRSD)
Weak Uptrend (+65) - GBPRSD is showing signs of weakening momentum to the upside. Monitor 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 UP since Sep 20th, 2019 at 133.57000
The intermediate-term trend has been UP since Oct 14th, 2019 at 133.77500
The short-term trend has been DOWN since Mar 1st, 2021 at 136.04301
Smart Scan Analysis for GBPRSD
Based on our trend formula, GBPRSD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).