Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
/British Pound (FOREX:SLLGBP)
Bear Market Rally (-75) - SLLGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SLLGBP as it may be in the beginning of a reversal.
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 DOWN since Jul 27th, 2020 at 0.00008052
The intermediate-term trend has been DOWN since Apr 5th, 2021 at 0.00006949
The short-term trend has been UP since Apr 6th, 2021 at 0.00006971
Smart Scan Analysis for SLLGBP
Based on our trend formula, SLLGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).