Forex Trend Analysis Report
Prepared for you on Sunday, June 24, 2018.
British Pound/Bermuda Dollar (FOREX:GBPBMD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 Apr 23rd, 2018 at 1.39835
The short term trend has been UP since Jun 22nd, 2018 at 1.33055
Smart Scan Analysis for GBPBMD
Based on a pre-defined weighted trend formula for chart analysis, GBPBMD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).