Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Brunei Dollar/British Pound (FOREX:BNDGBP)
Sidelines Mode (+55) - BNDGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 3rd, 2021 at 0.53859099
The intermediate-term trend has been UP since Sep 21st, 2021 at 0.53993009
The short-term trend has been DOWN since Oct 14th, 2021 at 0.54114928
Smart Scan Analysis for BNDGBP
Based on our trend formula, BNDGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).