Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
British Pound/Australian Dollar (FOREX:GBPAUD)
Weak Downtrend (-65) - GBPAUD is showing signs of a strengthening downtrend. Monitor GBPAUD as it may be building momentum to the downside.
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 May 19th, 2021 at 1.826575
The intermediate-term trend has been DOWN since Oct 11th, 2021 at 1.860695
The short-term trend has been DOWN since Oct 20th, 2021 at 1.842575
Smart Scan Analysis for GBPAUD
Based on our trend formula, GBPAUD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).