Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
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 Jul 19th, 2021 at 1.3759031
The intermediate-term trend has been UP since Oct 19th, 2021 at 1.3717874
The short-term trend has been UP since Oct 11th, 2021 at 1.3587363
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).