Forex Trend Analysis Report
Prepared for you on Tuesday, January 19, 2021.
British Pound/Bahamian Dollar (FOREX:GBPBSD)
Bull Market Weakness (+75) - GBPBSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPBSD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid GBPBSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPBSD
The long-term trend has been UP since Jul 9th, 2020 at 1.2639330
The intermediate-term trend has been UP since Oct 13th, 2020 at 1.2930611
The short-term trend has been UP since Dec 31st, 2020 at 1.3491810
Smart Scan Analysis for GBPBSD
Based on our trend formula, GBPBSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).