Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
British Pound/US Dollar (FOREX:GBPUSD)
Bear Market Rally (-75) - GBPUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPUSD as it may be in the beginning of a reversal.
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 Sep 20th, 2023 at 1.236935
The intermediate-term trend has been UP since Nov 3rd, 2023 at 1.233720
The short-term trend has been DOWN since Dec 5th, 2023 at 1.260435
Smart Scan Analysis for GBPUSD
Based on our trend formula, GBPUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).