Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Special drawing rights/British Pound (FOREX:XDRGBP)
Weak Downtrend (-65) - XDRGBP is showing signs of a strengthening downtrend. Monitor XDRGBP as it may be building momentum to the downside.
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 Jul 2nd, 2021 at 1.0372357
The intermediate-term trend has been DOWN since Oct 14th, 2021 at 1.0343898
The short-term trend has been DOWN since Oct 14th, 2021 at 1.0343898
Smart Scan Analysis for XDRGBP
Based on our trend formula, XDRGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).