Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
US Dollar/British Pound (FOREX:USDGBP)
Strong Uptrend (+100) - USDGBP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDGBP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
MarketClub’s Trade Triangles for USDGBP
The long-term trend has been UP since Sep 20th, 2023 at 0.808460
The intermediate-term trend has been UP since Aug 1st, 2023 at 0.783495
The short-term trend has been UP since Sep 13th, 2023 at 0.802560
Smart Scan Analysis for USDGBP
Based on our trend formula, USDGBP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).