Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
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.
MarketClub’s Trade Triangles for BMDGBP
The long-term trend has been UP since Sep 20th, 2023 at 0.8064213
The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.8085785
The short-term trend has been UP since Dec 4th, 2023 at 0.7913302
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).