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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.

FOREX_BMDGBP
Open High Low BMDGBP Price Change
0.8125434 0.8181044 0.8117500 0.8158429 +0.0033000
Entry Signal

MarketClub’s Trade Triangles for BMDGBP

long term up The long-term trend has been UP since Mar 7th, 2023 at 0.8421609

intermediate term down The intermediate-term trend has been DOWN since Mar 13th, 2023 at 0.8214121

short term down 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).

-60
Smart Scan Analysis for BMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8125434 0.8181044 0.8117500 0.8158429 +0.0033000
Prev. Close Volume Bid Ask Time
0.8125434 2023-03-24 23:39:20
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