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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
British Pound/Bahamian Dollar (FOREX:GBPBSD)
Weak Downtrend (-65) - GBPBSD is showing signs of a strengthening downtrend. Monitor GBPBSD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid GBPBSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBSD.
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 GBPBSD
The long-term trend has been UP since Jun 9th, 2024 at 1.2804853
The intermediate-term trend has been DOWN since Oct 9th, 2024 at 1.3125037
The short-term trend has been DOWN since Oct 4th, 2024 at 1.3290266
Smart Scan Analysis for GBPBSD
Based on our trend formula, GBPBSD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2970112 | 1.2970112 | 1.2970112 | 1.2970112 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2677086 | 2024-11-09 14:52:04 |