Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
/British Pound (FOREX:SLLGBP)
Weak Downtrend (-65) - SLLGBP is showing signs of a strengthening downtrend. Monitor SLLGBP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid SLLGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SLLGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SLLGBP
The long-term trend has been UP since Jun 21st, 2023 at 0.00004111
The intermediate-term trend has been DOWN since Nov 29th, 2023 at 0.00003499
The short-term trend has been DOWN since Nov 16th, 2023 at 0.00003560
Smart Scan Analysis for SLLGBP
Based on our trend formula, SLLGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).