Forex Trend Analysis Report
Prepared for you on Monday, March 8, 2021.
British Pound/US Dollar (FOREX:GBPUSD)
Sidelines Mode (+55) - GBPUSD 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 GBPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPUSD
The long-term trend has been UP since Jul 26th, 2020 at 1.281085
The intermediate-term trend has been UP since Dec 30th, 2020 at 1.362390
The short-term trend has been DOWN since Mar 5th, 2021 at 1.385930
Smart Scan Analysis for GBPUSD
Based on our trend formula, GBPUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).