Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Bermuda Dollar/British Pound (FOREX:BMDGBP)
Long-Term Downtrend (-90) - BMDGBP is in a strong downtrend that is likely to continue. While BMDGBP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 DOWN since Jul 26th, 2020 at 0.7786794
The intermediate-term trend has been DOWN since Nov 6th, 2020 at 0.7573549
The short-term trend has been DOWN since Dec 1st, 2020 at 0.7455640
Smart Scan Analysis for BMDGBP
Based on our trend formula, BMDGBP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).