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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

British Pound/Bermuda Dollar (FOREX:GBPBMD)

Long-Term Downtrend (-90) - GBPBMD is in a strong downtrend that is likely to continue. While GBPBMD 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 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.

FOREX_GBPBMD
Open High Low GBPBMD Price Change
1.2208191 1.2216661 1.2194406 1.2209444 +0.0001250
Entry Signal

MarketClub’s Trade Triangles for GBPBMD

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 1.2801606

intermediate term down The intermediate-term trend has been DOWN since May 12th, 2020 at 1.2282324

short term down The short-term trend has been DOWN since May 22nd, 2020 at 1.2217514

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).

-90
Smart Scan Analysis for GBPBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2208191 1.2216661 1.2194406 1.2209444 +0.0001250
Prev. Close Volume Bid Ask Time
1.2208191 1.2208742 1.2210146 2020-05-25 05:23:23
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