Forex Trend Analysis Report
Prepared for you on Saturday, April 4, 2020.
/British Pound (FOREX:XDRGBP)
Sidelines Mode (-55) - XDRGBP 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 XDRGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for XDRGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XDRGBP
The long-term trend has been UP since Mar 17th, 2020 at 1.0624394
The intermediate-term trend has been DOWN since Mar 24th, 2020 at 1.1392665
The short-term trend has been UP since Feb 27th, 2020 at 1.0580068
Smart Scan Analysis for XDRGBP
Based on our trend formula, XDRGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).