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.
MarketClub’s Trade Triangles for BSDGBP
The long-term trend has been UP since Jul 19th, 2021 at 0.7268209
The intermediate-term trend has been UP since Aug 9th, 2022 at 0.8200852
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).