Forex Trend Analysis Report
Prepared for you on Tuesday, May 11, 2021.
British Pound/Bahraini Dinar (FOREX:GBPBHD)
Long-Term Uptrend (+90) - GBPBHD is in a strong uptrend that is likely to continue. While GBPBHD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Jul 27th, 2020 at 0.48326033
The intermediate-term trend has been UP since Apr 19th, 2021 at 0.52422156
The short-term trend has been UP since Apr 18th, 2021 at 0.52151720
Smart Scan Analysis for GBPBHD
Based on our trend formula, GBPBHD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).