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Forex Trend Analysis Report

Prepared for you on Saturday, October 26, 2024.

British Pound/Brunei Dollar (FOREX:GBPBND)

Countertrend Down (-85) - GBPBND is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_GBPBND
Open High Low GBPBND Price Change
1.7077014 1.7077014 1.7077014 1.7077014 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPBND

long term down The long-term trend has been DOWN since Aug 4th, 2024 at 1.6916688

intermediate term down The intermediate-term trend has been DOWN since Oct 9th, 2024 at 1.7113821

short term up The short-term trend has been UP since Oct 20th, 2024 at 1.7114903

Smart Scan Analysis for GBPBND

Based on our trend formula, GBPBND is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPBND
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7077014 1.7077014 1.7077014 1.7077014 0.0000000
Prev. Close Volume Bid Ask Time
1.7077014 2024-10-24 21:06:17
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