Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
British Pound/ (FOREX:GBPSRD)
Crossroads (-60) - GBPSRD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSRD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPSRD
The long-term trend has been UP since Oct 22nd, 2019 at 9.3545
The intermediate-term trend has been DOWN since Jan 29th, 2020 at 9.7605
The short-term trend has been DOWN since Jan 29th, 2020 at 9.7605
Smart Scan Analysis for GBPSRD
Based on our trend formula, GBPSRD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).