Forex Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
British Pound/Brunei Dollar (FOREX:GBPBND)
Strong Downtrend (-100) - GBPBND is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPBND continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid GBPBND?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBND.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPBND
The long-term trend has been DOWN since Sep 22nd, 2023 at 1.6744455
The intermediate-term trend has been DOWN since Sep 7th, 2023 at 1.7062627
The short-term trend has been DOWN since Sep 7th, 2023 at 1.7087469
Smart Scan Analysis for GBPBND
Based on our trend formula, GBPBND is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).