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Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
British Pound/Bahamian Dollar (FOREX:GBPBSD)
Sidelines Mode (+50) - GBPBSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until GBPBSD can gain momentum.
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 DOWN since Mar 3rd, 2023 at 1.2034547
The intermediate-term trend has been UP since Mar 17th, 2023 at 1.2121591
The short-term trend has been UP since Mar 17th, 2023 at 1.2004446
Smart Scan Analysis for GBPBSD
Based on our trend formula, GBPBSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2321546 | 1.2323020 | 1.2321546 | 1.2323020 | +0.0001470 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2321546 | 2023-03-28 13:24:47 |