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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.

FOREX_USDGBP
Open High Low USDGBP Price Change
0.82151 0.82190 0.81404 0.81475 -0.00676
Entry Signal

MarketClub’s Trade Triangles for USDGBP

long term up The long-term trend has been UP since Mar 7th, 2023 at 0.84447

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.82322

short term down 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).

-70
Smart Scan Analysis for USDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.82151 0.82190 0.81404 0.81475 -0.00676
Prev. Close Volume Bid Ask Time
0.82151 2023-03-20 15:26:54
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