Forex Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
British Pound/ (FOREX:GBPAWG)
Long-Term Downtrend (-90) - GBPAWG is in a strong downtrend that is likely to continue. While GBPAWG is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPAWG?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPAWG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPAWG
The long-term trend has been DOWN since Mar 2nd, 2020 at 2.3149191
The intermediate-term trend has been DOWN since May 11th, 2020 at 2.2157551
The short-term trend has been DOWN since May 4th, 2020 at 2.2461576
Smart Scan Analysis for GBPAWG
Based on our trend formula, GBPAWG is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).