Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
British Pound/Australian Dollar (FOREX:GBPAUD)
Bull Market Weakness (+75) - GBPAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPAUD as it may be in the beginning stages of a reversal.
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 UP since Mar 10th, 2023 at 1.827230
The intermediate-term trend has been DOWN since Nov 1st, 2023 at 1.901885
The short-term trend has been UP since Dec 4th, 2023 at 1.918015
Smart Scan Analysis for GBPAUD
Based on our trend formula, GBPAUD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).