Forex Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
British Pound/Barbadian Dollar (FOREX:GBPBBD)
Sidelines Mode (+50) - GBPBBD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPBBD can gain momentum.
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 Mar 16th, 2020 at 2.5978669
The intermediate-term trend has been UP since Jun 1st, 2020 at 2.4949109
The short-term trend has been UP since May 26th, 2020 at 2.4771052
Smart Scan Analysis for GBPBBD
Based on our trend formula, GBPBBD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).