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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.

NASDAQ_GBP
Open High Low GBP Price Change
130.95 131.25 130.45 130.68 +0.32
Entry Signal

MarketClub’s Trade Triangles for GBP

long term up The long-term trend has been UP since Jul 27th, 2020 at 128.13

intermediate term up The intermediate-term trend has been UP since Jul 21st, 2020 at 126.70

short term down 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).

+85
Smart Scan Analysis for GBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
130.95 131.25 130.45 130.68 +0.32
Prev. Close Volume Bid Ask Time
125.99 0 2020-08-13 17:15:06
52wk High143.4552wk High Date2018-01-25
52wk Low126.6252wk Low Date2018-08-15
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