Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, January 14, 2025.

British Pound/Bermuda Dollar (FOREX:GBPBMD)

Strong Downtrend (-100) - GBPBMD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPBMD continues to fall. 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
1.2240671 1.2257512 1.2206687 1.2207238 -0.0033430
Entry Signal

MarketClub’s Trade Triangles for GBPBMD

long term down The long-term trend has been DOWN since Nov 14th, 2024 at 1.2696596

intermediate term down The intermediate-term trend has been DOWN since Dec 25th, 2024 at 1.2506728

short term down The short-term trend has been DOWN since Jan 8th, 2025 at 1.2435702

Smart Scan Analysis for GBPBMD

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

-100
Smart Scan Analysis for GBPBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2240671 1.2257512 1.2206687 1.2207238 -0.0033430
Prev. Close Volume Bid Ask Time
1.2240671 2025-01-14 05:31:29
Get a free daily analysis and signals for British Pound/Bermuda Dollar (GBPBMD) - Request Your Free Report.