Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Friday, July 12, 2024.

US Dollar/British Pound (FOREX:USDGBP)

Strong Downtrend (-100) - USDGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDGBP continues to fall. 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
0.7746500 0.7750500 0.7694500 0.7700601 -0.0045900
Entry Signal

MarketClub’s Trade Triangles for USDGBP

long term down The long-term trend has been DOWN since Jul 10th, 2024 at 0.777585

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.780150

short term down The short-term trend has been DOWN since Jul 3rd, 2024 at 0.787530

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).

-100
Smart Scan Analysis for USDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7746500 0.7750500 0.7694500 0.7700601 -0.0045900
Prev. Close Volume Bid Ask Time
0.7746500 2024-07-12 19:46:32
Get a free daily analysis and signals for US Dollar/British Pound (USDGBP) - Request Your Free Report.