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.
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 Apr 19th, 2021 at 0.7167202
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).