Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Brunei Dollar/British Pound (FOREX:BNDGBP)
Long-Term Downtrend (-90) - BNDGBP is in a strong downtrend that is likely to continue. While BNDGBP 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 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 DOWN since Dec 14th, 2022 at 0.60089064
The intermediate-term trend has been DOWN since Feb 21st, 2023 at 0.62074403
The short-term trend has been DOWN since Feb 21st, 2023 at 0.62227055
Smart Scan Analysis for BNDGBP
Based on our trend formula, BNDGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).