Forex Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
Bahamian Dollar/British Pound (FOREX:BSDGBP)
Strong Downtrend (-100) - BSDGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BSDGBP continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BSDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for BSDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BSDGBP
The long-term trend has been DOWN since Dec 2nd, 2023 at 0.7956897
The intermediate-term trend has been DOWN since Nov 12th, 2023 at 0.8197015
The short-term trend has been DOWN since Nov 12th, 2023 at 0.8245105
Smart Scan Analysis for BSDGBP
Based on our trend formula, BSDGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).