Forex Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
British Pound/ (FOREX:GBPSRD)
Long-Term Downtrend (-90) - GBPSRD is in a strong downtrend that is likely to continue. While GBPSRD 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 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.
MarketClub’s Trade Triangles for GBPSRD
The long-term trend has been DOWN since Mar 3rd, 2020 at 9.5820
The intermediate-term trend has been DOWN since Jan 29th, 2020 at 9.7605
The short-term trend has been DOWN since Mar 13th, 2020 at 9.5010
Smart Scan Analysis for GBPSRD
Based on our trend formula, GBPSRD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).