Forex Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
/British Pound (FOREX:SLLGBP)
Long-Term Downtrend (-90) - SLLGBP is in a strong downtrend that is likely to continue. While SLLGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Oct 19th, 2021 at 0.00006851
The intermediate-term trend has been DOWN since Dec 14th, 2021 at 0.00006741
The short-term trend has been DOWN since Jan 10th, 2022 at 0.00006516
Smart Scan Analysis for SLLGBP
Based on our trend formula, SLLGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).