Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
British Pound/Special drawing rights (FOREX:GBPXDR)
Bull Market Weakness (+75) - GBPXDR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPXDR as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for GBPXDR
The long-term trend has been UP since Jun 5th, 2020 at 0.9152784
The intermediate-term trend has been UP since Dec 24th, 2020 at 0.9393567
The short-term trend has been UP since Feb 18th, 2021 at 0.9687930
Smart Scan Analysis for GBPXDR
Based on our trend formula, GBPXDR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).