Forex Trend Analysis Report
Prepared for you on Monday, October 2, 2023.
British Pound/Barbadian Dollar (FOREX:GBPBBD)
Long-Term Downtrend (-90) - GBPBBD is in a strong downtrend that is likely to continue. While GBPBBD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPBBD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBBD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPBBD
The long-term trend has been DOWN since Sep 22nd, 2023 at 2.5053234
The intermediate-term trend has been DOWN since Jul 31st, 2023 at 2.5912941
The short-term trend has been DOWN since Aug 25th, 2023 at 2.5620284
Smart Scan Analysis for GBPBBD
Based on our trend formula, GBPBBD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).