Forex Trend Analysis Report
Prepared for you on Friday, March 22, 2019.
Bermuda Dollar/British Pound (FOREX:BMDGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BMDGBP
The long term trend has been DOWN since Feb 26th, 2019 at 0.754785
The intermediate term trend has been DOWN since Feb 25th, 2019 at 0.761485
The short term trend has been UP since Mar 18th, 2019 at 0.754910
Smart Scan Analysis for BMDGBP
Based on a pre-defined weighted trend formula for chart analysis, BMDGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).