Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, November 20, 2024.

British Pound/Bosnia-Herzegovina Mark (FOREX:GBPBAM)

Weak Downtrend (-65) - GBPBAM is showing signs of a strengthening downtrend. Monitor GBPBAM as it may be building momentum to the downside.

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.

FOREX_GBPBAM
Open High Low GBPBAM Price Change
2.3394597 2.3394597 2.3394597 2.3394597 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPBAM

long term up The long-term trend has been UP since Sep 25th, 2024 at 2.3277791

intermediate term down The intermediate-term trend has been DOWN since Oct 21st, 2024 at 2.3495774

short term down The short-term trend has been DOWN since Nov 19th, 2024 at 2.3405936

Smart Scan Analysis for GBPBAM

Based on our trend formula, GBPBAM is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPBAM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3394597 2.3394597 2.3394597 2.3394597 0.0000000
Prev. Close Volume Bid Ask Time
2.3394597 2024-11-19 07:25:19
Get a free daily analysis and signals for British Pound/Bosnia-Herzegovina Mark (GBPBAM) - Request Your Free Report.