Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
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.
MarketClub’s Trade Triangles for BMDGBP
The long-term trend has been UP since Jul 19th, 2021 at 0.7297228
The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.7252136
The short-term trend has been DOWN since Oct 14th, 2021 at 0.7295627
Smart Scan Analysis for BMDGBP
Based on our trend formula, BMDGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).