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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
British Pound/Bahamian Dollar (FOREX:GBPBSD)
Countertrend Up (+85) - GBPBSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for GBPBSD
The long-term trend has been UP since Jun 9th, 2024 at 1.2804853
The intermediate-term trend has been UP since Jul 7th, 2024 at 1.2759297
The short-term trend has been DOWN since Jul 21st, 2024 at 1.2972992
Smart Scan Analysis for GBPBSD
Based on our trend formula, GBPBSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2867285 | 1.2867285 | 1.2866370 | 1.2866370 | -0.0000910 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2867285 | 2024-07-26 14:00:15 |