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Forex Trend Analysis Report

Prepared for you on Monday, November 30, 2020.

British Pound/Bermuda Dollar (FOREX:GBPBMD)

Countertrend Up (+85) - GBPBMD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
1.3370661 1.3412614 1.3338782 1.3366450 -0.0004210
Entry Signal

MarketClub’s Trade Triangles for GBPBMD

long term up The long-term trend has been UP since Jul 26th, 2020 at 1.2842256

intermediate term up The intermediate-term trend has been UP since Nov 6th, 2020 at 1.3203849

short term down The short-term trend has been DOWN since Nov 27th, 2020 at 1.3333419

Smart Scan Analysis for GBPBMD

Based on our trend formula, GBPBMD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for GBPBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3370661 1.3412614 1.3338782 1.3366450 -0.0004210
Prev. Close Volume Bid Ask Time
1.3370661 2020-11-30 18:47:44
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