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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Bermuda Dollar/British Pound (FOREX:BMDGBP)

Sidelines Mode (-55) - BMDGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.7841917 0.7874075 0.7838898 0.7866344 +0.0024430
Entry Signal

MarketClub’s Trade Triangles for BMDGBP

long term down The long-term trend has been DOWN since Dec 14th, 2023 at 0.7836096

intermediate term down The intermediate-term trend has been DOWN since Mar 5th, 2024 at 0.7850063

short term up The short-term trend has been UP since Mar 12th, 2024 at 0.7794947

Smart Scan Analysis for BMDGBP

Based on our trend formula, BMDGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7841917 0.7874075 0.7838898 0.7866344 +0.0024430
Prev. Close Volume Bid Ask Time
0.7841917 2024-03-19 06:37:53
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