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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
Bermuda Dollar/British Pound (FOREX:BMDGBP)
Sidelines Mode (-50) - BMDGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BMDGBP can gain momentum.
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.
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MarketClub’s Trade Triangles for BMDGBP
The long-term trend has been UP since Nov 14th, 2024 at 0.7876126
The intermediate-term trend has been DOWN since Dec 25th, 2024 at 0.7791051
The short-term trend has been DOWN since Dec 25th, 2024 at 0.7924461
Smart Scan Analysis for BMDGBP
Based on our trend formula, BMDGBP is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7955142 | 0.7965083 | 0.7949912 | 0.7958792 | +0.0003650 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7955142 | 2024-12-26 05:58:58 |