Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, August 7, 2020.

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.

FOREX_GBPAUD
Open High Low GBPAUD Price Change
1.818700 1.824825 1.814045 1.824605 +0.005905
Entry Signal

MarketClub’s Trade Triangles for GBPAUD

long term down The long-term trend has been DOWN since May 7th, 2020 at 1.8983721

intermediate term up The intermediate-term trend has been UP since Jul 30th, 2020 at 1.8212900

short term down The short-term trend has been DOWN since Aug 5th, 2020 at 1.8199000

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).

+55
Smart Scan Analysis for GBPAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.818700 1.824825 1.814045 1.824605 +0.005905
Prev. Close Volume Bid Ask Time
1.818700 1.824510 1.824700 2020-08-07 14:43:14
Get a free daily analysis and signals for British Pound/Australian Dollar (GBPAUD) - Request Your Free Report.