Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
/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 Apr 4th, 2022 at 0.00499876
The intermediate-term trend has been UP since Aug 10th, 2022 at 0.00532088
The short-term trend has been DOWN since Aug 1st, 2022 at 0.00541923
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).