Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Brunei Dollar/British Pound (FOREX:BNDGBP)
Weak Downtrend (-65) - BNDGBP is showing signs of a strengthening downtrend. Monitor BNDGBP as it may be building momentum to the downside.
Is it time to buy, sell, or avoid BNDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for BNDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BNDGBP
The long-term trend has been UP since Sep 22nd, 2023 at 0.59739123
The intermediate-term trend has been DOWN since Nov 16th, 2023 at 0.60212264
The short-term trend has been DOWN since Nov 16th, 2023 at 0.60212264
Smart Scan Analysis for BNDGBP
Based on our trend formula, BNDGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).