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Forex Trend Analysis Report

Prepared for you on Thursday, June 13, 2024.

Bermuda Dollar/British Pound (FOREX:BMDGBP)

Crossroads (-60) - BMDGBP is struggling to move into a solid trend. Beware of choppy markets 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
0.7802966 0.7809594 0.7793455 0.7805774 +0.0002810
Entry Signal

MarketClub’s Trade Triangles for BMDGBP

long term up The long-term trend has been UP since Apr 11th, 2024 at 0.7968424

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 0.7893421

short term down The short-term trend has been DOWN since Jun 12th, 2024 at 0.7822730

Smart Scan Analysis for BMDGBP

Based on our trend formula, BMDGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for BMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7802966 0.7809594 0.7793455 0.7805774 +0.0002810
Prev. Close Volume Bid Ask Time
0.7802966 2024-06-13 07:16:43
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