Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
/British Pound (FOREX:LRDGBP)
Sidelines Mode (+55) - LRDGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Mar 17th, 2020 at 0.00410348
The intermediate-term trend has been UP since Mar 12th, 2020 at 0.00393269
The short-term trend has been DOWN since Apr 1st, 2020 at 0.00405196
Smart Scan Analysis for LRDGBP
Based on our trend formula, LRDGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).