Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
British Pound/Bermuda Dollar (FOREX:GBPBMD)
Bear Market Rally (-75) - GBPBMD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPBMD as it may be in the beginning of a reversal.
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 Jul 19th, 2021 at 1.3703833
The intermediate-term trend has been UP since Jul 27th, 2022 at 1.2194557
The short-term trend has been DOWN since Aug 15th, 2022 at 1.2139020
Smart Scan Analysis for GBPBMD
Based on our trend formula, GBPBMD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).