Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
/British Pound (FOREX:RSDGBP)
Strong Downtrend (-100) - RSDGBP 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 RSDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for RSDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for RSDGBP
The long-term trend has been DOWN since Sep 20th, 2019 at 0.00748700
The intermediate-term trend has been DOWN since Oct 14th, 2019 at 0.00747500
The short-term trend has been DOWN since Feb 10th, 2021 at 0.00745456
Smart Scan Analysis for RSDGBP
Based on our trend formula, RSDGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).