Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
Bermuda Dollar/British Pound (FOREX:BMDGBP)
Crossroads (-60) - BMDGBP is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for BMDGBP
The long-term trend has been UP since Mar 7th, 2023 at 0.8421609
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.8214121
The short-term trend has been DOWN since Mar 19th, 2023 at 0.8177121
Smart Scan Analysis for BMDGBP
Based on our trend formula, BMDGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).