Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/Bahraini Dinar (FOREX:GBPBHD)
Long-Term Downtrend (-90) - GBPBHD is in a strong downtrend that is likely to continue. While GBPBHD 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 GBPBHD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBHD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPBHD
The long-term trend has been DOWN since Feb 28th, 2020 at 0.48145294
The intermediate-term trend has been DOWN since May 12th, 2020 at 0.46289132
The short-term trend has been DOWN since May 22nd, 2020 at 0.45981105
Smart Scan Analysis for GBPBHD
Based on our trend formula, GBPBHD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).