Forex Trend Analysis Report
Prepared for you on Sunday, July 3, 2022.
British Pound/Bahamian Dollar (FOREX:GBPBSD)
Long-Term Downtrend (-90) - GBPBSD is in a strong downtrend that is likely to continue. While GBPBSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jul 19th, 2021 at 1.3759031
The intermediate-term trend has been DOWN since Jun 2nd, 2022 at 1.2595579
The short-term trend has been DOWN since Mar 31st, 2022 at 1.3128949
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).