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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Bermuda Dollar/British Pound (FOREX:BMDGBP)

Bear Market Rally (-75) - BMDGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BMDGBP as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid BMDGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for BMDGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BMDGBP
Open High Low BMDGBP Price Change
0.7150735 0.7180616 0.7138020 0.7149992 -0.0000740
Entry Signal

MarketClub’s Trade Triangles for BMDGBP

long term down The long-term trend has been DOWN since Jul 26th, 2020 at 0.7786794

intermediate term down The intermediate-term trend has been DOWN since Dec 16th, 2020 at 0.7370420

short term up The short-term trend has been UP since Feb 25th, 2021 at 0.7133451

Smart Scan Analysis for BMDGBP

Based on our trend formula, BMDGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7150735 0.7180616 0.7138020 0.7149992 -0.0000740
Prev. Close Volume Bid Ask Time
0.7150735 2021-02-26 14:50:47
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