Index Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
SPOT GBPUSD (INDEX) (NASDAQ:GBP)
Weak Downtrend (-65) - GBP is showing signs of a strengthening downtrend. Monitor GBP as it may be building momentum to the downside.
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 DOWN since Mar 23rd, 2021 at 137.79
The short-term trend has been DOWN since Apr 7th, 2021 at 137.82
Smart Scan Analysis for GBP
Based on our trend formula, GBP is rated as a -70 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|