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.
MarketClub’s Trade Triangles for GBPSRD
The long-term trend has been UP since Jun 28th, 2022 at 27.3610
The intermediate-term trend has been DOWN since May 18th, 2023 at 46.4325
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).