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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

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, SHORTSYMBOL 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
0.7195875 0.7215450 0.7173450 0.7200950 +0.0005070
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 Apr 19th, 2021 at 0.718450

short term down The short-term trend has been DOWN since Apr 14th, 2021 at 0.725875

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
0.7195875 0.7215450 0.7173450 0.7200950 +0.0005070
Prev. Close Volume Bid Ask Time
0.7195875 2021-05-06 14:54:37
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