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Forex Trend Analysis Report

Prepared for you on Thursday, October 21, 2021.

US Dollar/British Pound (FOREX:USDGBP)

Weak Downtrend (-65) - USDGBP is showing signs of a strengthening downtrend. Monitor USDGBP as it may be building momentum to the downside.

Is it time to buy, sell, or avoid USDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDGBP
Open High Low USDGBP Price Change
0.722950 0.725450 0.722905 0.723865 +0.000915
Entry Signal

MarketClub’s Trade Triangles for USDGBP

long term up The long-term trend has been UP since Jul 19th, 2021 at 0.731550

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.727055

short term down The short-term trend has been DOWN since Oct 14th, 2021 at 0.731350

Smart Scan Analysis for USDGBP

Based on our trend formula, USDGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.722950 0.725450 0.722905 0.723865 +0.000915
Prev. Close Volume Bid Ask Time
0.722950 2021-10-21 10:42:40
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