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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Bermuda Dollar/British Pound (FOREX:BMDGBP)

Bull Market Weakness (+75) - BMDGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BMDGBP as it may be in the beginning stages of a reversal.

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
0.8278850 0.8303245 0.8272603 0.8290616 +0.0011770
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 Jul 27th, 2022 at 0.8200380

short term up The short-term trend has been UP since Aug 15th, 2022 at 0.8237897

Smart Scan Analysis for BMDGBP

Based on our trend formula, BMDGBP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for BMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8278850 0.8303245 0.8272603 0.8290616 +0.0011770
Prev. Close Volume Bid Ask Time
0.8278850 2022-08-16 05:07:37
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