Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
British Pound/Bermuda Dollar (FOREX:GBPBMD)
Long-Term Uptrend (+90) - GBPBMD is in a strong uptrend that is likely to continue. While GBPBMD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid GBPBMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GBPBMD
The long-term trend has been UP since Jul 26th, 2020 at 1.2842256
The intermediate-term trend has been UP since Dec 16th, 2020 at 1.3567747
The short-term trend has been UP since Feb 18th, 2021 at 1.3985529
Smart Scan Analysis for GBPBMD
Based on our trend formula, GBPBMD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).