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.
MarketClub’s Trade Triangles for USDGBP
The long-term trend has been DOWN since Jul 26th, 2020 at 0.780455
The intermediate-term trend has been DOWN since Dec 16th, 2020 at 0.738550
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).