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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.

FOREX_GBPBSD
Open High Low GBPBSD Price Change
1.3823109 1.3823109 1.3823109 1.3823109 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPBSD

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 1.3759031

intermediate term up The intermediate-term trend has been UP since Oct 19th, 2021 at 1.3717874

short term up 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).

+50
Smart Scan Analysis for GBPBSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3823109 1.3823109 1.3823109 1.3823109 0.0000000
Prev. Close Volume Bid Ask Time
1.3823109 2021-10-19 07:16:41
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