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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.

FOREX_LRDGBP
Open High Low LRDGBP Price Change
0.00386509 0.00386509 0.00386509 0.00386509 0.00000000
Entry Signal

MarketClub’s Trade Triangles for LRDGBP

long term down The long-term trend has been DOWN since Jul 22nd, 2020 at 0.00392482

intermediate term down The intermediate-term trend has been DOWN since Jul 8th, 2020 at 0.00398835

short term down 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).

-100
Smart Scan Analysis for LRDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00386509 0.00386509 0.00386509 0.00386509 0.00000000
Prev. Close Volume Bid Ask Time
0.00380999 0.00382063 0.00390955 2020-07-29 21:15:16
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