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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

US Dollar/British Pound (FOREX:USDGBP)

Sidelines Mode (-55) - USDGBP 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 USDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDGBP
Open High Low USDGBP Price Change
0.723435 0.724625 0.721715 0.723950 +0.000515
Entry Signal

MarketClub’s Trade Triangles for USDGBP

long term down The long-term trend has been DOWN since Jul 26th, 2020 at 0.780455

intermediate term down The intermediate-term trend has been DOWN since Dec 16th, 2020 at 0.738550

short term up The short-term trend has been UP since Mar 5th, 2021 at 0.721525

Smart Scan Analysis for USDGBP

Based on our trend formula, USDGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.723435 0.724625 0.721715 0.723950 +0.000515
Prev. Close Volume Bid Ask Time
0.723435 2021-03-08 20:33:55
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