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Forex Trend Analysis Report

Prepared for you on Saturday, August 8, 2020.

Australian Dollar/British Pound (FOREX:AUDGBP)

Sidelines Mode (-55) - AUDGBP 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 AUDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for AUDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AUDGBP
Open High Low AUDGBP Price Change
0.54741513 0.54842452 0.54741513 0.54741513 0.00000000
Entry Signal

MarketClub’s Trade Triangles for AUDGBP

long term up The long-term trend has been UP since May 7th, 2020 at 0.5266

intermediate term down The intermediate-term trend has been DOWN since Jul 30th, 2020 at 0.5486

short term up The short-term trend has been UP since Aug 5th, 2020 at 0.5495

Smart Scan Analysis for AUDGBP

Based on our trend formula, AUDGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for AUDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.54741513 0.54842452 0.54741513 0.54741513 0.00000000
Prev. Close Volume Bid Ask Time
0.54741513 0.54735244 0.54747782 2020-08-08 04:44:56
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