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Forex Trend Analysis Report

Prepared for you on Thursday, August 6, 2020.

US Dollar/British Pound (FOREX:USDGBP)

Long-Term Downtrend (-90) - USDGBP is in a strong downtrend that is likely to continue. While USDGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.761550 0.762125 0.758395 0.760750 -0.000800
Entry Signal

MarketClub’s Trade Triangles for USDGBP

long term down The long-term trend has been DOWN since Jul 26th, 2020 at 0.780455

intermediate term down The intermediate-term trend has been DOWN since Jul 12th, 2020 at 0.789320

short term down The short-term trend has been DOWN since Aug 5th, 2020 at 0.762745

Smart Scan Analysis for USDGBP

Based on our trend formula, USDGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.761550 0.762125 0.758395 0.760750 -0.000800
Prev. Close Volume Bid Ask Time
0.761550 0.760700 0.760800 2020-08-06 15:15:57
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