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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.

FOREX_GBPUSD
Open High Low GBPUSD Price Change
1.39815 1.39815 1.39815 1.39815 0.00000
Entry Signal

MarketClub’s Trade Triangles for GBPUSD

long term up The long-term trend has been UP since Jul 26th, 2020 at 1.281085

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2021 at 1.391900

short term up 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).

+90
Smart Scan Analysis for GBPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.39815 1.39815 1.39815 1.39815 0.00000
Prev. Close Volume Bid Ask Time
1.39815 2021-05-09 05:26:13
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