Forex Trend Analysis Report
Prepared for you on Friday, April 3, 2020.
British Pound/ (FOREX:GBPSLL)
Long-Term Downtrend (-90) - GBPSLL is in a strong downtrend that is likely to continue. While GBPSLL is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Mar 12th, 2020 at 12482.430
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 12509.887
The short-term trend has been DOWN since Mar 12th, 2020 at 12570.820
Smart Scan Analysis for GBPSLL
Based on our trend formula, GBPSLL is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).