Forex Trend Analysis Report
Prepared for you on Friday, June 5, 2020.
British Pound/ (FOREX:GBPGHS)
Sidelines Mode (+50) - GBPGHS is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPGHS can gain momentum.
Is it time to buy, sell, or avoid GBPGHS?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPGHS.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPGHS
The long-term trend has been DOWN since Feb 4th, 2020 at 7.035528
The intermediate-term trend has been UP since Jun 2nd, 2020 at 7.145508
The short-term trend has been UP since May 21st, 2020 at 7.039461
Smart Scan Analysis for GBPGHS
Based on our trend formula, GBPGHS is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).