Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
US Dollar/British Pound (FOREX:USDGBP)
Long-Term Uptrend (+90) - USDGBP is in a strong uptrend that is likely to continue. While USDGBP is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for USDGBP
The long-term trend has been UP since Feb 28th, 2020 at 0.783200
The intermediate-term trend has been UP since May 13th, 2020 at 0.816485
The short-term trend has been UP since May 22nd, 2020 at 0.820700
Smart Scan Analysis for USDGBP
Based on our trend formula, USDGBP is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).