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Forex Trend Analysis Report

Prepared for you on Saturday, December 5, 2020.

British Pound/Special drawing rights (FOREX:GBPXDR)

Countertrend Up (+85) - GBPXDR 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 GBPXDR?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPXDR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPXDR
Open High Low GBPXDR Price Change
0.9380728 0.9380728 0.9380728 0.9380728 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPXDR

long term up The long-term trend has been UP since Jun 5th, 2020 at 0.9152784

intermediate term up The intermediate-term trend has been UP since Nov 5th, 2020 at 0.9232608

short term down The short-term trend has been DOWN since Dec 2nd, 2020 at 0.9348092

Smart Scan Analysis for GBPXDR

Based on our trend formula, GBPXDR is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPXDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9380728 0.9380728 0.9380728 0.9380728 0.0000000
Prev. Close Volume Bid Ask Time
0.9380728 2020-12-04 07:18:28
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