Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
British Pound/Bahamian Dollar (FOREX:GBPBSD)
Long-Term Downtrend (-90) - GBPBSD is in a strong downtrend that is likely to continue. While GBPBSD is showing intraday strength, it remains in the confines of a bearish trend. 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 Apr 14th, 2024 at 1.2538568
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 1.2697447
The short-term trend has been DOWN since May 1st, 2024 at 1.2510279
Smart Scan Analysis for GBPBSD
Based on our trend formula, GBPBSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2479603 | 1.2479603 | 1.2476976 | 1.2476976 | -0.0002630 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2550893 | 2024-05-01 21:07:16 |