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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Bosnia-Herzegovina Mark (FOREX:GBPBAM)
Sidelines Mode (+55) - GBPBAM 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 GBPBAM?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBAM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPBAM
The long-term trend has been UP since May 22nd, 2024 at 2.2932520
The intermediate-term trend has been UP since Jul 14th, 2024 at 2.3221134
The short-term trend has been DOWN since Jul 17th, 2024 at 2.3262702
Smart Scan Analysis for GBPBAM
Based on our trend formula, GBPBAM is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
![Smart Scan Analysis for GBPBAM](/img/sites/trend-web/images/trend-slider.png)
Open | High | Low | Price | Change |
---|---|---|---|---|
2.3181638 | 2.3181638 | 2.3181638 | 2.3181638 | 0.0000000 |
Prev. Close | Volume | Bid | Ask | Time |
2.3181638 | 2024-07-26 07:26:06 |