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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Bermuda Dollar/British Pound (FOREX:BMDGBP)

Weak Downtrend (-65) - BMDGBP is showing signs of a strengthening downtrend. Monitor BMDGBP as it may be building momentum to the downside.

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
0.7754440 0.7762556 0.7745949 0.7752029 -0.0002410
Entry Signal

MarketClub’s Trade Triangles for BMDGBP

long term down The long-term trend has been DOWN since Jul 10th, 2024 at 0.7757545

intermediate term down The intermediate-term trend has been DOWN since Jul 8th, 2024 at 0.7782268

short term up The short-term trend has been UP since Jul 18th, 2024 at 0.7708598

Smart Scan Analysis for BMDGBP

Based on our trend formula, BMDGBP is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for BMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7754440 0.7762556 0.7745949 0.7752029 -0.0002410
Prev. Close Volume Bid Ask Time
0.7754440 2024-07-26 20:42:29
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