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Forex Trend Analysis Report

Prepared for you on Sunday, January 16, 2022.

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.

FOREX_GBPRSD
Open High Low GBPRSD Price Change
140.69665 141.06718 140.60874 140.95364 +0.25699
Entry Signal

MarketClub’s Trade Triangles for GBPRSD

long term up The long-term trend has been UP since Dec 30th, 2021 at 140.27063

intermediate term up The intermediate-term trend has been UP since Dec 23rd, 2021 at 139.18304

short term down The short-term trend has been DOWN since Jan 14th, 2022 at 140.61308

Smart Scan Analysis for GBPRSD

Based on our trend formula, GBPRSD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for GBPRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
140.69665 141.06718 140.60874 140.95364 +0.25699
Prev. Close Volume Bid Ask Time
140.69665 2022-01-14 17:04:28
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