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.
MarketClub’s Trade Triangles for AUDGBP
The long-term trend has been UP since May 7th, 2020 at 0.5266
The intermediate-term trend has been DOWN since Jul 30th, 2020 at 0.5486
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).