Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
British Pound/Bermuda Dollar (FOREX:GBPBMD)
Long-Term Downtrend (-90) - GBPBMD is in a strong downtrend that is likely to continue. While GBPBMD is showing intraday strength, it remains in the confines of a bearish trend. 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.
MarketClub’s Trade Triangles for GBPBMD
The long-term trend has been DOWN since Feb 28th, 2020 at 1.2801606
The intermediate-term trend has been DOWN since May 12th, 2020 at 1.2282324
The short-term trend has been DOWN since May 22nd, 2020 at 1.2217514
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).