Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
British Pound/US Dollar (FOREX:GBPUSD)
Long-Term Uptrend (+90) - GBPUSD is in a strong uptrend that is likely to continue. While GBPUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
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 Apr 19th, 2021 at 1.391900
The short-term trend has been UP since Apr 14th, 2021 at 1.377635
Smart Scan Analysis for GBPUSD
Based on our trend formula, GBPUSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).