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Forex Trend Analysis Report

Prepared for you on Wednesday, April 17, 2024.

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.

FOREX_GBPBSD
Open High Low GBPBSD Price Change
1.2433305 1.2433305 1.2433305 1.2433305 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPBSD

long term down The long-term trend has been DOWN since Apr 14th, 2024 at 1.2538568

intermediate term down The intermediate-term trend has been DOWN since Mar 28th, 2024 at 1.2697447

short term down The short-term trend has been DOWN since Apr 14th, 2024 at 1.2622870

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).

-90
Smart Scan Analysis for GBPBSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2433305 1.2433305 1.2433305 1.2433305 0.0000000
Prev. Close Volume Bid Ask Time
1.2452815 2024-04-16 21:07:19
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