Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
/British Pound (FOREX:LRDGBP)
Crossroads (-60) - LRDGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid LRDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for LRDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LRDGBP
The long-term trend has been UP since Dec 17th, 2019 at 0.00404298
The intermediate-term trend has been DOWN since Jan 16th, 2020 at 0.00402065
The short-term trend has been DOWN since Feb 13th, 2020 at 0.00389624
Smart Scan Analysis for LRDGBP
Based on our trend formula, LRDGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).