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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 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.

FOREX_GBPBAM
Open High Low GBPBAM Price Change
2.2877128 2.2877128 2.2877128 2.2877128 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPBAM

long term up The long-term trend has been UP since Jan 26th, 2024 at 2.2863756

intermediate term down The intermediate-term trend has been DOWN since Apr 2nd, 2024 at 2.2859614

short term up The short-term trend has been UP since Apr 14th, 2024 at 2.2834126

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).

-55
Smart Scan Analysis for GBPBAM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.2877128 2.2877128 2.2877128 2.2877128 0.0000000
Prev. Close Volume Bid Ask Time
2.2842527 2024-04-14 22:04:00
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