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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Bahamian Dollar/British Pound (FOREX:BSDGBP)

Sidelines Mode (+55) - BSDGBP 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 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.

FOREX_BSDGBP
Open High Low BSDGBP Price Change
0.82622 0.82622 0.82622 0.82622 0.00000
Entry Signal

MarketClub’s Trade Triangles for BSDGBP

long term up The long-term trend has been UP since Jul 19th, 2021 at 0.7268209

intermediate term up The intermediate-term trend has been UP since Aug 9th, 2022 at 0.8200852

short term down The short-term trend has been DOWN since Jul 29th, 2022 at 0.8348318

Smart Scan Analysis for BSDGBP

Based on our trend formula, BSDGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BSDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.82622 0.82622 0.82622 0.82622 0.00000
Prev. Close Volume Bid Ask Time
0.82622 2022-08-10 07:20:33
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