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Forex Trend Analysis Report
Prepared for you on Sunday, August 14, 2022.
US Dollar/British Pound (FOREX:USDGBP)
Crossroads (-60) - USDGBP 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 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.
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MarketClub’s Trade Triangles for USDGBP
The long-term trend has been UP since Jul 19th, 2021 at 0.73155
The intermediate-term trend has been DOWN since Jul 27th, 2022 at 0.82201
The short-term trend has been DOWN since Aug 10th, 2022 at 0.82402
Smart Scan Analysis for USDGBP
Based on our trend formula, USDGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.8236045 | 0.8239316 | 0.8236045 | 0.8236045 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.8236045 | 2022-08-14 11:45:37 |