Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
/British Pound (FOREX:LRDGBP)
Bear Market Rally (-75) - LRDGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on LRDGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid LRDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for LRDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LRDGBP
The long-term trend has been DOWN since Feb 9th, 2021 at 0.00422677
The intermediate-term trend has been DOWN since Dec 8th, 2020 at 0.00475288
The short-term trend has been UP since Feb 25th, 2021 at 0.00411889
Smart Scan Analysis for LRDGBP
Based on our trend formula, LRDGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).