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Forex Trend Analysis Report
Prepared for you on Thursday, December 5, 2024.
British Pound/Bahraini Dinar (FOREX:GBPBHD)
Sidelines Mode (-55) - GBPBHD 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 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.
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MarketClub’s Trade Triangles for GBPBHD
The long-term trend has been DOWN since Nov 14th, 2024 at 0.47814136
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 0.49364570
The short-term trend has been UP since Nov 27th, 2024 at 0.47494292
Smart Scan Analysis for GBPBHD
Based on our trend formula, GBPBHD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.47893345 | 0.48092759 | 0.47893345 | 0.48092759 | +0.00199400 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.47893345 | 2024-12-05 12:11:21 |