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.
MarketClub’s Trade Triangles for GBPBSD
The long-term trend has been DOWN since Mar 16th, 2020 at 1.2866591
The intermediate-term trend has been UP since Jun 1st, 2020 at 1.2357225
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).