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.
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 Jul 12th, 2020 at 1.266825
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).