Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Tuesday, January 14, 2025.
British Pound/Bermuda Dollar (FOREX:GBPBMD)
Strong Downtrend (-100) - GBPBMD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, GBPBMD continues to fall. 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 Nov 14th, 2024 at 1.2696596
The intermediate-term trend has been DOWN since Dec 25th, 2024 at 1.2506728
The short-term trend has been DOWN since Jan 8th, 2025 at 1.2435702
Smart Scan Analysis for GBPBMD
Based on our trend formula, GBPBMD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2240671 | 1.2257512 | 1.2206687 | 1.2207238 | -0.0033430 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2240671 | 2025-01-14 05:31:29 |