Forex Trend Analysis Report
Prepared for you on Monday, May 10, 2021.
British Pound/Panamanian Balboa (FOREX:GBPPAB)
Sidelines Mode (+55) - GBPPAB is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPPAB?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPPAB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPPAB
The long-term trend has been UP since Jul 9th, 2020 at 1.2639331
The intermediate-term trend has been DOWN since Mar 7th, 2021 at 1.3863949
The short-term trend has been UP since Apr 18th, 2021 at 1.3833825
Smart Scan Analysis for GBPPAB
Based on our trend formula, GBPPAB is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).