Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
British Pound/US Dollar (FOREX:GBPUSD)
Bull Market Weakness (+75) - GBPUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPUSD as it may be in the beginning stages 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 Mar 7th, 2023 at 1.184140
The intermediate-term trend has been UP since Mar 13th, 2023 at 1.214475
The short-term trend has been UP since Mar 19th, 2023 at 1.220020
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.232670 | 1.233435 | 1.230550 | 1.232675 | +0.000005 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.232670 | 2023-03-29 05:19:21 |