Forex Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
Bosnia-Herzegovina Mark/British Pound (FOREX:BAMGBP)
Long-Term Downtrend (-90) - BAMGBP is in a strong downtrend that is likely to continue. While BAMGBP 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 BAMGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for BAMGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BAMGBP
The long-term trend has been DOWN since Feb 1st, 2021 at 0.45430494
The intermediate-term trend has been DOWN since Sep 14th, 2021 at 0.43601044
The short-term trend has been DOWN since Oct 12th, 2021 at 0.43639136
Smart Scan Analysis for BAMGBP
Based on our trend formula, BAMGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).