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Forex Trend Analysis Report

Prepared for you on Sunday, May 26, 2024.

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.

FOREX_GBPUSD
Open High Low GBPUSD Price Change
1.274050 1.274050 1.266450 1.273375 -0.000675
Entry Signal

MarketClub’s Trade Triangles for GBPUSD

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 1.251865

intermediate term up The intermediate-term trend has been UP since May 15th, 2024 at 1.263750

short term down The short-term trend has been DOWN since May 23rd, 2024 at 1.268835

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).

+55
Smart Scan Analysis for GBPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.274050 1.274050 1.266450 1.273375 -0.000675
Prev. Close Volume Bid Ask Time
1.274050 2024-05-26 16:26:59
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