Forex Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
British Pound/US Dollar (FOREX:GBPUSD)
Strong Downtrend (-100) - GBPUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPUSD continues to fall. Traders should use caution and set stops.
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 DOWN since Sep 20th, 2023 at 1.236935
The intermediate-term trend has been DOWN since Aug 1st, 2023 at 1.276265
The short-term trend has been DOWN since Oct 2nd, 2023 at 1.212035
Smart Scan Analysis for GBPUSD
Based on our trend formula, GBPUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).