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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

British Pound/Bahamian Dollar (FOREX:GBPBSD)

Crossroads (-60) - GBPBSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid GBPBSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPBSD
Open High Low GBPBSD Price Change
1.2629183 1.2629183 1.2617071 1.2617071 -0.0012110
Entry Signal

MarketClub’s Trade Triangles for GBPBSD

long term up The long-term trend has been UP since Dec 6th, 2023 at 1.2568230

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 1.2697447

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 1.2748454

Smart Scan Analysis for GBPBSD

Based on our trend formula, GBPBSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPBSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2629183 1.2629183 1.2617071 1.2617071 -0.0012110
Prev. Close Volume Bid Ask Time
1.2629183 2024-03-28 08:26:04
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