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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 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
0.7889142 0.7934000 0.7881500 0.7916150 +0.0027010
Entry Signal

MarketClub’s Trade Triangles for USDGBP

long term up The long-term trend has been UP since Sep 20th, 2023 at 0.8084600

intermediate term down The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.8105500

short term down The short-term trend has been DOWN since Nov 14th, 2023 at 0.8141996

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
0.7889142 0.7934000 0.7881500 0.7916150 +0.0027010
Prev. Close Volume Bid Ask Time
0.7889142 2023-12-04 18:16:39
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