Forex Trend Analysis Report
Prepared for you on Wednesday, July 8, 2020.
British Pound/ (FOREX:GBPSLL)
Bear Market Rally (-75) - GBPSLL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPSLL as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPSLL?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSLL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPSLL
The long-term trend has been DOWN since Mar 12th, 2020 at 12482.430
The intermediate-term trend has been DOWN since Jun 26th, 2020 at 12171.357
The short-term trend has been UP since Jul 2nd, 2020 at 12028.535
Smart Scan Analysis for GBPSLL
Based on our trend formula, GBPSLL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).