Index Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
Invesco CurrencyShares British Pound Sterling Trust (GIF:FXB)
Bear Market Rally (-75) - FXB is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on FXB as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid FXB?
MarketClub looks at technical strength and momentum to determine if the timing is right for FXB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FXB
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for FXB
Based on our trend formula, FXB is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).