Forex Trend Analysis Report
Prepared for you on Saturday, October 23, 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 DOWN since Jul 19th, 2021 at 1.36696
The intermediate-term trend has been UP since Oct 15th, 2021 at 1.37541
The short-term trend has been DOWN since Oct 22nd, 2021 at 1.37420
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).