Forex Trend Analysis Report
Prepared for you on Sunday, August 9, 2020.
/British Pound (FOREX:AWGGBP)
Long-Term Downtrend (-90) - AWGGBP is in a strong downtrend that is likely to continue. While AWGGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid AWGGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for AWGGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AWGGBP
The long-term trend has been DOWN since Jul 27th, 2020 at 0.43561221
The intermediate-term trend has been DOWN since Jul 9th, 2020 at 0.43929319
The short-term trend has been DOWN since Jul 1st, 2020 at 0.44890224
Smart Scan Analysis for AWGGBP
Based on our trend formula, AWGGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).