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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.

FOREX_GBPUSD
Open High Low GBPUSD Price Change
1.382305 1.385555 1.380025 1.380685 -0.001620
Entry Signal

MarketClub’s Trade Triangles for GBPUSD

long term up The long-term trend has been UP since Jul 26th, 2020 at 1.281085

intermediate term up The intermediate-term trend has been UP since Dec 30th, 2020 at 1.362390

short term down 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).

+55
Smart Scan Analysis for GBPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.382305 1.385555 1.380025 1.380685 -0.001620
Prev. Close Volume Bid Ask Time
1.382305 2021-03-08 19:41:53
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