Index Trend Analysis Report
Prepared for you on Friday, August 14, 2020.
SPOT GBPUSD (INDEX) (NASDAQ:GBP)
Countertrend Up (+85) - GBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid GBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBP
The long-term trend has been UP since Jul 27th, 2020 at 128.13
The intermediate-term trend has been UP since Jul 21st, 2020 at 126.70
The short-term trend has been DOWN since Aug 12th, 2020 at 130.10
Smart Scan Analysis for GBP
Based on our trend formula, GBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||143.45||52wk High Date||2018-01-25|
|52wk Low||126.62||52wk Low Date||2018-08-15|