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Forex Trend Analysis Report

Prepared for you on Friday, October 4, 2024.

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.

FOREX_BAMGBP
Open High Low BAMGBP Price Change
0.42561957 0.42561957 0.42561957 0.42561957 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BAMGBP

long term down The long-term trend has been DOWN since Sep 25th, 2024 at 0.42960526

intermediate term down The intermediate-term trend has been DOWN since Sep 25th, 2024 at 0.43163517

short term down The short-term trend has been DOWN since Aug 11th, 2024 at 0.43781695

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).

-90
Smart Scan Analysis for BAMGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.42561957 0.42561957 0.42561957 0.42561957 0.00000000
Prev. Close Volume Bid Ask Time
0.42784123 2024-10-02 21:06:19
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