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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.

FOREX_USDGBP
Open High Low USDGBP Price Change
0.821135 0.822105 0.820500 0.820815 -0.000320
Entry Signal

MarketClub’s Trade Triangles for USDGBP

long term up The long-term trend has been UP since Feb 28th, 2020 at 0.783200

intermediate term up The intermediate-term trend has been UP since May 13th, 2020 at 0.816485

short term up 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).

+90
Smart Scan Analysis for USDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.821135 0.822105 0.820500 0.820815 -0.000320
Prev. Close Volume Bid Ask Time
0.821135 0.820770 0.820860 2020-05-25 05:21:10
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