Forex Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
/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, LRDGBP 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 Dec 1st, 2022 at 0.00534934
The intermediate-term trend has been DOWN since Mar 7th, 2023 at 0.00521291
The short-term trend has been DOWN since Mar 3rd, 2023 at 0.00525034
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).