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.
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 Nov 5th, 2020 at 0.9232608
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).