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.
MarketClub’s Trade Triangles for GBPAUD
The long-term trend has been DOWN since May 7th, 2020 at 1.8983721
The intermediate-term trend has been UP since Jul 30th, 2020 at 1.8212900
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).