Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
US Dollar/British Pound (FOREX:USDGBP)
Weak Downtrend (-65) - USDGBP is showing signs of a strengthening downtrend. Monitor USDGBP as it may be building momentum to the downside.
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 Mar 7th, 2023 at 0.84447
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.82322
The short-term trend has been DOWN since Mar 19th, 2023 at 0.81955
Smart Scan Analysis for USDGBP
Based on our trend formula, USDGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).