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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.

FOREX_USDGBP
Open High Low USDGBP Price Change
0.8236045 0.8239316 0.8236045 0.8236045 0.0000000
Entry Signal

MarketClub’s Trade Triangles for USDGBP

long term up The long-term trend has been UP since Jul 19th, 2021 at 0.73155

intermediate term down The intermediate-term trend has been DOWN since Jul 27th, 2022 at 0.82201

short term down 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).

-60
Smart Scan Analysis for USDGBP
Strong Downtrend Sideways 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
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