Forex Trend Analysis Report
Prepared for you on Thursday, December 9, 2021.
British Pound/Bahamian Dollar (FOREX:GBPBSD)
Strong Downtrend (-100) - GBPBSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Jul 19th, 2021 at 1.3759031
The intermediate-term trend has been DOWN since Nov 8th, 2021 at 1.3710083
The short-term trend has been DOWN since Nov 8th, 2021 at 1.3710083
Smart Scan Analysis for GBPBSD
Based on our trend formula, GBPBSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).