Forex Trend Analysis Report
Prepared for you on Friday, February 28, 2020.
British Pound/US Dollar (FOREX:GBPUSD)
Weak Downtrend (-65) - GBPUSD is showing signs of a strengthening downtrend. Monitor GBPUSD as it may be building momentum to the downside.
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 UP since Oct 15th, 2019 at 1.270100
The intermediate-term trend has been DOWN since Dec 25th, 2019 at 1.289685
The short-term trend has been DOWN since Feb 27th, 2020 at 1.288690
Smart Scan Analysis for GBPUSD
Based on our trend formula, GBPUSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).