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Forex Trend Analysis Report

Prepared for you on Thursday, May 6, 2021.

Bermuda Dollar/British Pound (FOREX:BMDGBP)

Strong Downtrend (-100) - BMDGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
0.7178110 0.7197869 0.7158124 0.7181313 +0.0003200
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 Apr 19th, 2021 at 0.7167202

short term down The short-term trend has been DOWN since Apr 14th, 2021 at 0.7241579

Smart Scan Analysis for BMDGBP

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

-100
Smart Scan Analysis for BMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7178110 0.7197869 0.7158124 0.7181313 +0.0003200
Prev. Close Volume Bid Ask Time
0.7178110 2021-05-06 15:35:53
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