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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.

FOREX_GBPUSD
Open High Low GBPUSD Price Change
1.288650 1.291975 1.286000 1.287330 -0.001320
Entry Signal

MarketClub’s Trade Triangles for GBPUSD

long term up The long-term trend has been UP since Oct 15th, 2019 at 1.270100

intermediate term down The intermediate-term trend has been DOWN since Dec 25th, 2019 at 1.289685

short term down 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).

-70
Smart Scan Analysis for GBPUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.288650 1.291975 1.286000 1.287330 -0.001320
Prev. Close Volume Bid Ask Time
1.288650 1.287310 1.287350 2020-02-28 06:53:11
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