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Forex Trend Analysis Report

Prepared for you on Friday, June 2, 2023.

British Pound/Surinamese Dollar (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 GBPSRD?

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.

FOREX_GBPSRD
Open High Low GBPSRD Price Change
47.156 47.156 47.156 47.156 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPSRD

long term up The long-term trend has been UP since Jun 28th, 2022 at 27.3610

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2023 at 46.4325

short term down The short-term trend has been DOWN since May 17th, 2023 at 47.4290

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).

-60
Smart Scan Analysis for GBPSRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
47.156 47.156 47.156 47.156 0.000
Prev. Close Volume Bid Ask Time
47.156 46.698 47.614 2023-06-01 10:07:34
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