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Forex Trend Analysis Report

Prepared for you on Thursday, June 4, 2020.

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.

FOREX_GBPBSD
Open High Low GBPBSD Price Change
1.2552329 1.2552329 1.2552329 1.2552329 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPBSD

long term down The long-term trend has been DOWN since Mar 16th, 2020 at 1.2866591

intermediate term up The intermediate-term trend has been UP since Jun 1st, 2020 at 1.2357225

short term up The short-term trend has been UP since May 26th, 2020 at 1.2268260

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).

+50
Smart Scan Analysis for GBPBSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2552329 1.2552329 1.2552329 1.2552329 0.0000000
Prev. Close Volume Bid Ask Time
1.2552329 1.2473660 1.2630999 2020-06-02 07:18:18
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