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Forex Trend Analysis Report
Prepared for you on Tuesday, April 16, 2024.
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.
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MarketClub’s Trade Triangles for GBPBMD
The long-term trend has been DOWN since Apr 11th, 2024 at 1.2551438
The intermediate-term trend has been DOWN since Mar 27th, 2024 at 1.2682111
The short-term trend has been DOWN since Apr 10th, 2024 at 1.2645220
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2457857 | 1.2501364 | 1.2437256 | 1.2464774 | +0.0006920 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2457857 | 2024-04-16 17:01:41 |