Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
British Pound/US Dollar (FOREX:GBPUSD)
Bear Market Rally (-75) - GBPUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPUSD as it may be in the beginning 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 DOWN since Jul 19th, 2021 at 1.366960
The intermediate-term trend has been UP since Jul 27th, 2022 at 1.216495
The short-term trend has been DOWN since Aug 15th, 2022 at 1.210245
Smart Scan Analysis for GBPUSD
Based on our trend formula, GBPUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).