Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
/British Pound (FOREX:LRDGBP)
Strong Downtrend (-100) - LRDGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Jul 22nd, 2020 at 0.00392482
The intermediate-term trend has been DOWN since Jul 8th, 2020 at 0.00398835
The short-term trend has been DOWN since Jul 20th, 2020 at 0.00395827
Smart Scan Analysis for LRDGBP
Based on our trend formula, LRDGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).