Forex Trend Analysis Report
Prepared for you on Thursday, September 21, 2023.
British Pound/Bahraini Dinar (FOREX:GBPBHD)
Strong Downtrend (-100) - GBPBHD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPBHD continues to fall. Traders should use caution and set stops.
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 Sep 15th, 2023 at 0.46689766
The intermediate-term trend has been DOWN since Aug 1st, 2023 at 0.48193614
The short-term trend has been DOWN since Sep 14th, 2023 at 0.46982716
Smart Scan Analysis for GBPBHD
Based on our trend formula, GBPBHD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).