Forex Trend Analysis Report
Prepared for you on Monday, October 25, 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 Oct 19th, 2021 at 14597.136
The intermediate-term trend has been UP since Sep 3rd, 2021 at 14285.758
The short-term trend has been UP since Oct 7th, 2021 at 14334.362
Smart Scan Analysis for GBPSLL
Based on our trend formula, GBPSLL is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).