Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
British Pound/Lebanese Pound (FOREX:GBPLBP)
Bear Market Rally (-75) - GBPLBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPLBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPLBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPLBP
The long-term trend has been DOWN since Feb 23rd, 2021 at 1957.9797
The intermediate-term trend has been DOWN since Feb 23rd, 2021 at 2062.1798
The short-term trend has been DOWN since Feb 23rd, 2021 at 2108.3332
Smart Scan Analysis for GBPLBP
Based on our trend formula, GBPLBP is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).