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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Bermuda Dollar/British Pound (FOREX:BMDGBP)

Bull Market Weakness (+75) - BMDGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BMDGBP as it may be in the beginning stages of a reversal.

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

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

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

FOREX_BMDGBP
Open High Low BMDGBP Price Change
0.7899829 0.7925437 0.7886868 0.7903741 +0.0003910
Entry Signal

MarketClub’s Trade Triangles for BMDGBP

long term down The long-term trend has been DOWN since Dec 14th, 2023 at 0.7836096

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2024 at 0.7885123

short term up The short-term trend has been UP since Mar 27th, 2024 at 0.7885092

Smart Scan Analysis for BMDGBP

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

+70
Smart Scan Analysis for BMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7899829 0.7925437 0.7886868 0.7903741 +0.0003910
Prev. Close Volume Bid Ask Time
0.7899829 2024-03-28 14:46:12
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