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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

Brunei Dollar/British Pound (FOREX:BNDGBP)

Long-Term Downtrend (-90) - BNDGBP is in a strong downtrend that is likely to continue. While BNDGBP 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 BNDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for BNDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BNDGBP
Open High Low BNDGBP Price Change
0.58001569 0.58001569 0.58001569 0.58001569 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BNDGBP

long term down The long-term trend has been DOWN since Jan 8th, 2024 at 0.59195353

intermediate term down The intermediate-term trend has been DOWN since May 20th, 2024 at 0.58623197

short term down The short-term trend has been DOWN since May 12th, 2024 at 0.59077742

Smart Scan Analysis for BNDGBP

Based on our trend formula, BNDGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BNDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.58001569 0.58001569 0.58001569 0.58001569 0.00000000
Prev. Close Volume Bid Ask Time
0.58170435 2024-06-13 07:24:55
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