Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
/British Pound (FOREX:LRDGBP)
Countertrend Up (+85) - LRDGBP 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 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 Jul 18th, 2021 at 0.00420318
The intermediate-term trend has been UP since Sep 21st, 2021 at 0.00423106
The short-term trend has been UP since Sep 13th, 2021 at 0.00421066
Smart Scan Analysis for LRDGBP
Based on our trend formula, LRDGBP is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).