Forex Trend Analysis Report
Prepared for you on Thursday, March 30, 2023.
British Pound/Bosnia-Herzegovina Mark (FOREX:GBPBAM)
Bear Market Rally (-75) - GBPBAM is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPBAM as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for GBPBAM
The long-term trend has been DOWN since Apr 26th, 2022 at 2.3140029
The intermediate-term trend has been UP since Feb 28th, 2023 at 2.2249613
The short-term trend has been DOWN since Mar 29th, 2023 at 2.2250791
Smart Scan Analysis for GBPBAM
Based on our trend formula, GBPBAM is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).