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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Bosnia-Herzegovina Mark (FOREX:GBPBAM)
Sidelines Mode (+55) - GBPBAM is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPBAM?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBAM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPBAM
The long-term trend has been UP since Jan 26th, 2024 at 2.2863756
The intermediate-term trend has been UP since Apr 29th, 2024 at 2.2877128
The short-term trend has been DOWN since May 2nd, 2024 at 2.2876325
Smart Scan Analysis for GBPBAM
Based on our trend formula, GBPBAM is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.2733666 | 2.2733666 | 2.2733666 | 2.2733666 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.2733666 | 2024-05-08 07:26:31 |