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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Bermuda Dollar/British Pound (FOREX:BMDGBP)
Countertrend Up (+85) - BMDGBP is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for BMDGBP
The long-term trend has been UP since Nov 14th, 2024 at 0.7876126
The intermediate-term trend has been UP since Oct 7th, 2024 at 0.7625802
The short-term trend has been DOWN since Nov 19th, 2024 at 0.7858598
Smart Scan Analysis for BMDGBP
Based on our trend formula, BMDGBP is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7862097 | 0.7865166 | 0.7846266 | 0.7864329 | +0.0002230 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7862097 | 2024-11-20 03:40:04 |