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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.

FOREX_BMDGBP
Open High Low BMDGBP Price Change
0.7231578 0.7232391 0.7226392 0.7229167 -0.0002410
Entry Signal

MarketClub’s Trade Triangles for BMDGBP

long term up The long-term trend has been UP since Jul 19th, 2021 at 0.7297228

intermediate term down The intermediate-term trend has been DOWN since Oct 15th, 2021 at 0.7252136

short term down 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).

-70
Smart Scan Analysis for BMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7231578 0.7232391 0.7226392 0.7229167 -0.0002410
Prev. Close Volume Bid Ask Time
0.7231578 2021-10-22 01:29:06
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