Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
US Dollar/British Pound (FOREX:USDGBP)
Weak Downtrend (-65) - USDGBP is showing signs of a strengthening downtrend. Monitor USDGBP as it may be building momentum to the downside.
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 Jul 19th, 2021 at 0.731550
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.727055
The short-term trend has been DOWN since Oct 14th, 2021 at 0.731350
Smart Scan Analysis for USDGBP
Based on our trend formula, USDGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).