Forex Trend Analysis Report
Prepared for you on Wednesday, October 21, 2020.
British Pound/ (FOREX:GBPLRD)
Crossroads (-60) - GBPLRD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPLRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPLRD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPLRD
The long-term trend has been UP since Jul 22nd, 2020 at 254.82517
The intermediate-term trend has been DOWN since Oct 18th, 2020 at 255.03348
The short-term trend has been DOWN since Oct 14th, 2020 at 257.08972
Smart Scan Analysis for GBPLRD
Based on our trend formula, GBPLRD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).