Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/US Dollar (FOREX:GBPUSD)
Long-Term Downtrend (-90) - GBPUSD is in a strong downtrend that is likely to continue. While GBPUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Feb 28th, 2020 at 1.276915
The intermediate-term trend has been DOWN since May 13th, 2020 at 1.224755
The short-term trend has been DOWN since May 22nd, 2020 at 1.218610
Smart Scan Analysis for GBPUSD
Based on our trend formula, GBPUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).