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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.

FOREX_GBPBMD
Open High Low GBPBMD Price Change
1.3800522 1.3864229 1.3791600 1.3835057 +0.0034530
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 Oct 15th, 2021 at 1.3789044

short term up 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).

+60
Smart Scan Analysis for GBPBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3800522 1.3864229 1.3791600 1.3835057 +0.0034530
Prev. Close Volume Bid Ask Time
1.3800522 2021-10-26 08:28:48
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