Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
British Pound/Australian Dollar (FOREX:GBPAUD)
Bear Market Rally (-75) - GBPAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPAUD as it may be in the beginning 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 DOWN since Dec 11th, 2020 at 1.7498500
The intermediate-term trend has been DOWN since Feb 24th, 2021 at 1.7742177
The short-term trend has been UP since Feb 24th, 2021 at 1.7904550
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).