Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
British Pound/Australian Dollar (FOREX:GBPAUD)
Sidelines Mode (-55) - GBPAUD 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 GBPAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPAUD
The long-term trend has been DOWN since Dec 11th, 2020 at 1.7498500
The intermediate-term trend has been DOWN since Apr 14th, 2021 at 1.7852950
The short-term trend has been UP since Apr 19th, 2021 at 1.7933846
Smart Scan Analysis for GBPAUD
Based on our trend formula, GBPAUD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).