Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
British Pound/Bermuda Dollar (FOREX:GBPBMD)
Countertrend Up (+85) - GBPBMD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Nov 6th, 2020 at 1.3203849
The short-term trend has been DOWN since Nov 27th, 2020 at 1.3333419
Smart Scan Analysis for GBPBMD
Based on our trend formula, GBPBMD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).