Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
British Pound/Bermuda Dollar (FOREX:GBPBMD)
Crossroads (+60) - GBPBMD is struggling to move into a solid trend. Beware of choppy markets 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 Jul 19th, 2021 at 1.3703833
The intermediate-term trend has been UP since Oct 15th, 2021 at 1.3789044
The short-term trend has been UP since Oct 26th, 2021 at 1.3847187
Smart Scan Analysis for GBPBMD
Based on our trend formula, GBPBMD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).