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Forex Trend Analysis Report

Prepared for you on Friday, August 14, 2020.

British Pound/US Dollar (FOREX:GBPUSD)

Countertrend Up (+85) - GBPUSD 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 GBPUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPUSD
Open High Low GBPUSD Price Change
1.305675 1.309680 1.305200 1.309630 +0.003955
Entry Signal

MarketClub’s Trade Triangles for GBPUSD

long term up The long-term trend has been UP since Jul 26th, 2020 at 1.281085

intermediate term up The intermediate-term trend has been UP since Jul 12th, 2020 at 1.266825

short term down The short-term trend has been DOWN since Aug 12th, 2020 at 1.302065

Smart Scan Analysis for GBPUSD

Based on our trend formula, GBPUSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.305675 1.309680 1.305200 1.309630 +0.003955
Prev. Close Volume Bid Ask Time
1.305675 1.309570 1.309690 2020-08-14 07:03:22
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