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.
MarketClub’s Trade Triangles for BMDGBP
The long-term trend has been DOWN since Jul 26th, 2020 at 0.7786794
The intermediate-term trend has been DOWN since Dec 16th, 2020 at 0.7370420
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).