Forex Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
Barbadian Dollar/British Pound (FOREX:BBDGBP)
Sidelines Mode (+55) - BBDGBP 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 BBDGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for BBDGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BBDGBP
The long-term trend has been UP since Mar 16th, 2020 at 0.38513380
The intermediate-term trend has been UP since May 8th, 2020 at 0.39960107
The short-term trend has been DOWN since May 26th, 2020 at 0.40390228
Smart Scan Analysis for BBDGBP
Based on our trend formula, BBDGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).