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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
British Pound/Bahraini Dinar (FOREX:GBPBHD)
Long-Term Downtrend (-90) - GBPBHD is in a strong downtrend that is likely to continue. While GBPBHD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPBHD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBHD.
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 GBPBHD
The long-term trend has been DOWN since Apr 10th, 2024 at 0.47221476
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 0.47688139
The short-term trend has been DOWN since Apr 10th, 2024 at 0.47566307
Smart Scan Analysis for GBPBHD
Based on our trend formula, GBPBHD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.46842796 | 0.46893482 | 0.46842796 | 0.46893482 | +0.00050700 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.46842796 | 2024-04-16 06:49:02 |