Free Daily Analysis

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.

FOREX_GBPSLL
Open High Low GBPSLL Price Change
12179.599 12179.599 12179.599 12179.599 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPSLL

long term down The long-term trend has been DOWN since Mar 12th, 2020 at 12482.430

intermediate term down The intermediate-term trend has been DOWN since Jun 26th, 2020 at 12171.357

short term up 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).

-75
Smart Scan Analysis for GBPSLL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12179.599 12179.599 12179.599 12179.599 0.000
Prev. Close Volume Bid Ask Time
12179.599 12035.583 12323.614 2020-07-07 07:20:53
Get a free daily analysis and signals for British Pound/ (GBPSLL) - Request Your Free Report.