Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
British Pound/Bahamian Dollar (FOREX:GBPBSD)
Long-Term Uptrend (+90) - GBPBSD is in a strong uptrend that is likely to continue. While GBPBSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for GBPBSD
The long-term trend has been UP since Jul 9th, 2020 at 1.2639330
The intermediate-term trend has been UP since Oct 13th, 2020 at 1.2930611
The short-term trend has been UP since Feb 14th, 2021 at 1.3841210
Smart Scan Analysis for GBPBSD
Based on our trend formula, GBPBSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).