Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
British Pound/Bermuda Dollar (FOREX:GBPBMD)
Sidelines Mode (-55) - GBPBMD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 DOWN since Sep 20th, 2023 at 1.2400465
The intermediate-term trend has been UP since Nov 3rd, 2023 at 1.2367384
The short-term trend has been DOWN since Dec 4th, 2023 at 1.2636949
Smart Scan Analysis for GBPBMD
Based on our trend formula, GBPBMD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).