Forex Trend Analysis Report
Prepared for you on Thursday, March 4, 2021.
British Pound/US Dollar (FOREX:GBPUSD)
Bull Market Weakness (+75) - GBPUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPUSD as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for GBPUSD
The long-term trend has been UP since Jul 26th, 2020 at 1.281085
The intermediate-term trend has been UP since Dec 30th, 2020 at 1.362390
The short-term trend has been UP since Mar 3rd, 2021 at 1.399920
Smart Scan Analysis for GBPUSD
Based on our trend formula, GBPUSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).