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Forex Trend Analysis Report

Prepared for you on Tuesday, May 7, 2024.

British Pound/Bahraini Dinar (FOREX:GBPBHD)

Weak Downtrend (-65) - GBPBHD is showing signs of a strengthening downtrend. Monitor GBPBHD as it may be building momentum to the downside.

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.

FOREX_GBPBHD
Open High Low GBPBHD Price Change
0.47323615 0.47338657 0.47243728 0.47260497 -0.00063100
Entry Signal

MarketClub’s Trade Triangles for GBPBHD

long term down The long-term trend has been DOWN since Apr 10th, 2024 at 0.47221476

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 0.47688139

short term up The short-term trend has been UP since May 3rd, 2024 at 0.47355719

Smart Scan Analysis for GBPBHD

Based on our trend formula, GBPBHD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GBPBHD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.47323615 0.47338657 0.47243728 0.47260497 -0.00063100
Prev. Close Volume Bid Ask Time
0.47323615 2024-05-07 11:59:32
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