Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
British Pound/Bahraini Dinar (FOREX:GBPBHD)
Bull Market Weakness (+75) - GBPBHD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPBHD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPBHD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBHD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPBHD
The long-term trend has been DOWN since Jul 19th, 2021 at 0.51584038
The intermediate-term trend has been UP since Oct 18th, 2021 at 0.51866260
The short-term trend has been UP since Oct 13th, 2021 at 0.51491969
Smart Scan Analysis for GBPBHD
Based on our trend formula, GBPBHD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).