Forex Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
British Pound/ (FOREX:GBPAWG)
Bull Market Weakness (+75) - GBPAWG is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPAWG as it may be in the beginning stages of a reversal.
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 UP since Jul 27th, 2020 at 2.2968552
The intermediate-term trend has been UP since Apr 19th, 2021 at 2.4909937
The short-term trend has been UP since Apr 15th, 2021 at 2.4823837
Smart Scan Analysis for GBPAWG
Based on our trend formula, GBPAWG is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).