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Forex Trend Analysis Report

Prepared for you on Friday, June 14, 2024.

Bermuda Dollar/British Pound (FOREX:BMDGBP)

Strong Uptrend (+100) - BMDGBP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BMDGBP continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
0.7822056 0.7880793 0.7821320 0.7864267 +0.0042210
Entry Signal

MarketClub’s Trade Triangles for BMDGBP

long term up The long-term trend has been UP since Apr 11th, 2024 at 0.7968424

intermediate term up The intermediate-term trend has been UP since Jun 14th, 2024 at 0.7876593

short term up The short-term trend has been UP since Jun 14th, 2024 at 0.7850218

Smart Scan Analysis for BMDGBP

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

+100
Smart Scan Analysis for BMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7822056 0.7880793 0.7821320 0.7864267 +0.0042210
Prev. Close Volume Bid Ask Time
0.7822056 2024-06-14 16:52:11
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