Forex Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
British Pound/Brunei Dollar (FOREX:GBPBND)
Sidelines Mode (+55) - GBPBND 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 GBPBND?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBND.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPBND
The long-term trend has been UP since Jul 29th, 2020 at 1.7824208
The intermediate-term trend has been UP since Oct 12th, 2020 at 1.7548785
The short-term trend has been DOWN since Nov 27th, 2020 at 1.7838809
Smart Scan Analysis for GBPBND
Based on our trend formula, GBPBND is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).