Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, June 20, 2024.

British Pound/Bahamian Dollar (FOREX:GBPBSD)

Weak Downtrend (-65) - GBPBSD is showing signs of a strengthening downtrend. Monitor GBPBSD as it may be building momentum to the downside.

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.

FOREX_GBPBSD
Open High Low GBPBSD Price Change
1.2690734 1.2690734 1.2690734 1.2690734 0.0000000
Entry Signal

MarketClub’s Trade Triangles for GBPBSD

long term up The long-term trend has been UP since Jun 9th, 2024 at 1.2804853

intermediate term down The intermediate-term trend has been DOWN since Jun 10th, 2024 at 1.2712796

short term down The short-term trend has been DOWN since Jun 10th, 2024 at 1.2771679

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).

-70
Smart Scan Analysis for GBPBSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2690734 1.2690734 1.2690734 1.2690734 0.0000000
Prev. Close Volume Bid Ask Time
1.2690734 2024-06-20 07:25:59
Get a free daily analysis and signals for British Pound/Bahamian Dollar (GBPBSD) - Request Your Free Report.