Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
British Pound/ (FOREX:GBPSLL)
Countertrend Up (+85) - GBPSLL is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid GBPSLL?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSLL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPSLL
The long-term trend has been UP since Jul 27th, 2020 at 12426.031
The intermediate-term trend has been UP since Feb 1st, 2021 at 14021.950
The short-term trend has been DOWN since Mar 3rd, 2021 at 14385.357
Smart Scan Analysis for GBPSLL
Based on our trend formula, GBPSLL is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).