Forex Trend Analysis Report
Prepared for you on Saturday, September 22, 2018.
Bermuda Dollar/British Pound (FOREX:BMDGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BMDGBP
The long term trend has been UP since May 1st, 2018 at 0.728595
The intermediate term trend has been DOWN since Aug 29th, 2018 at 0.766405
The short term trend has been UP since Sep 21st, 2018 at 0.760160
Smart Scan Analysis for BMDGBP
Based on a pre-defined weighted trend formula for chart analysis, BMDGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).