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Forex Trend Analysis Report

Prepared for you on Wednesday, July 17, 2024.

British Pound/Bermuda Dollar (FOREX:GBPBMD)

Long-Term Uptrend (+90) - GBPBMD is in a strong uptrend that is likely to continue. While GBPBMD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.

FOREX_GBPBMD
Open High Low GBPBMD Price Change
1.3009118 1.3076234 1.2998091 1.3035233 +0.0026110
Entry Signal

MarketClub’s Trade Triangles for GBPBMD

long term up The long-term trend has been UP since Jul 10th, 2024 at 1.2890676

intermediate term up The intermediate-term trend has been UP since Jul 8th, 2024 at 1.2849725

short term up The short-term trend has been UP since Jul 15th, 2024 at 1.3023153

Smart Scan Analysis for GBPBMD

Based on our trend formula, GBPBMD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for GBPBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3009118 1.3076234 1.2998091 1.3035233 +0.0026110
Prev. Close Volume Bid Ask Time
1.3009118 2024-07-17 13:10:50
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