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.
MarketClub’s Trade Triangles for USDGBP
The long-term trend has been UP since Sep 20th, 2023 at 0.8084600
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.8105500
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).