Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
British Pound/Bermuda Dollar (FOREX:GBPBMD)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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 GBPBMD
The long term trend has been DOWN since May 1st, 2018 at 1.37250
The intermediate term trend has been DOWN since Oct 24th, 2018 at 1.29565
The short term trend has been DOWN since Nov 9th, 2018 at 1.30545
Smart Scan Analysis for GBPBMD
Based on a pre-defined weighted trend formula for chart analysis, GBPBMD scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).