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Forex Trend Analysis Report

Prepared for you on Thursday, May 28, 2020.

Bermuda Dollar/British Pound (FOREX:BMDGBP)

Sidelines Mode (+55) - BMDGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.8135972 0.8151762 0.8107735 0.8117632 -0.0018340
Entry Signal

MarketClub’s Trade Triangles for BMDGBP

long term up The long-term trend has been UP since Feb 28th, 2020 at 0.7811520

intermediate term up The intermediate-term trend has been UP since May 12th, 2020 at 0.8141782

short term down The short-term trend has been DOWN since May 26th, 2020 at 0.8160766

Smart Scan Analysis for BMDGBP

Based on our trend formula, BMDGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8135972 0.8151762 0.8107735 0.8117632 -0.0018340
Prev. Close Volume Bid Ask Time
0.8135972 0.8117334 0.8117929 2020-05-28 09:52:44
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