Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Sunday, May 9, 2021.

British Pound/Bahamian Dollar (FOREX:GBPBSD)

Sidelines Mode (+55) - GBPBSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.3911039 1.3911039 1.3911039 1.3911039 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPBSD

long term up The long-term trend has been UP since Jul 9th, 2020 at 1.2639330

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2021 at 1.3866603

short term up The short-term trend has been UP since Apr 18th, 2021 at 1.3833825

Smart Scan Analysis for GBPBSD

Based on our trend formula, GBPBSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPBSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3911039 1.3911039 1.3911039 1.3911039 0.0000000
Prev. Close Volume Bid Ask Time
1.3911039 2021-05-08 11:31:02
Get a free daily analysis and signals for British Pound/Bahamian Dollar (GBPBSD) - Request Your Free Report.