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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

British Pound/Bermuda Dollar (FOREX:GBPBMD)

Bear Market Rally (-75) - GBPBMD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPBMD as it may be in the beginning of a reversal.

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
1.2147992 1.2155861 1.2080826 1.2084836 -0.0063160
Entry Signal

MarketClub’s Trade Triangles for GBPBMD

long term down The long-term trend has been DOWN since Jul 19th, 2021 at 1.3703833

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2022 at 1.2194557

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 1.2139020

Smart Scan Analysis for GBPBMD

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

-75
Smart Scan Analysis for GBPBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2147992 1.2155861 1.2080826 1.2084836 -0.0063160
Prev. Close Volume Bid Ask Time
1.2147992 2022-08-15 18:43:42
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