Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
British Pound/Brunei Dollar (FOREX:GBPBND)
Bear Market Rally (-75) - GBPBND is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPBND as it may be in the beginning of a reversal.
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 DOWN since Sep 3rd, 2021 at 1.8571512
The intermediate-term trend has been DOWN since Sep 21st, 2021 at 1.8525551
The short-term trend has been UP since Oct 14th, 2021 at 1.8483867
Smart Scan Analysis for GBPBND
Based on our trend formula, GBPBND is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).