Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
British Pound/US Dollar (FOREX:GBPUSD)
Bear Market Rally (-75) - GBPUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid GBPUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPUSD
The long-term trend has been DOWN since Feb 28th, 2020 at 1.276915
The intermediate-term trend has been DOWN since Mar 12th, 2020 at 1.272645
The short-term trend has been DOWN since Apr 3rd, 2020 at 1.228595
Smart Scan Analysis for GBPUSD
Based on our trend formula, GBPUSD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).