Forex Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
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.
MarketClub’s Trade Triangles for AUDGBP
The long-term trend has been DOWN since Apr 1st, 2021 at 0.54782932
The intermediate-term trend has been UP since Apr 14th, 2021 at 0.56016500
The short-term trend has been DOWN since Apr 19th, 2021 at 0.55760973
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).