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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

British Pound/Bermuda Dollar (FOREX:GBPBMD)

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

Is it time to buy, sell, or avoid GBPBMD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBMD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPBMD
Open High Low GBPBMD Price Change
1.2527730 1.2529033 1.2501264 1.2515199 -0.0012530
Entry Signal

MarketClub’s Trade Triangles for GBPBMD

long term down The long-term trend has been DOWN since Apr 11th, 2024 at 1.2551438

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 1.2682111

short term down The short-term trend has been DOWN since May 7th, 2024 at 1.2562766

Smart Scan Analysis for GBPBMD

Based on our trend formula, GBPBMD is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2527730 1.2529033 1.2501264 1.2515199 -0.0012530
Prev. Close Volume Bid Ask Time
1.2527730 2024-05-09 05:49:56
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