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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

British Pound/Surinamese Dollar (FOREX:GBPSRD)

Sidelines Mode (-55) - GBPSRD 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 GBPSRD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPSRD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low GBPSRD Price Change
19.606 19.606 19.606 19.606 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPSRD

long term up The long-term trend has been UP since Aug 5th, 2020 at 9.5080

intermediate term down The intermediate-term trend has been DOWN since Mar 14th, 2021 at 19.7415

short term up The short-term trend has been UP since Apr 19th, 2021 at 19.4720

Smart Scan Analysis for GBPSRD

Based on our trend formula, GBPSRD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for GBPSRD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
19.606 19.606 19.606 19.606 0.000
Prev. Close Volume Bid Ask Time
19.606 19.413 19.799 2021-05-05 01:36:13
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