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Forex Trend Analysis Report

Prepared for you on Tuesday, January 18, 2022.

Bermuda Dollar/British Pound (FOREX:BMDGBP)

Sidelines Mode (-55) - BMDGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
0.7315450 0.7348972 0.7308241 0.7334788 +0.0019340
Entry Signal

MarketClub’s Trade Triangles for BMDGBP

long term up The long-term trend has been UP since Jul 19th, 2021 at 0.7297228

intermediate term down The intermediate-term trend has been DOWN since Dec 23rd, 2021 at 0.7458902

short term up The short-term trend has been UP since Jan 17th, 2022 at 0.7305244

Smart Scan Analysis for BMDGBP

Based on our trend formula, BMDGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7315450 0.7348972 0.7308241 0.7334788 +0.0019340
Prev. Close Volume Bid Ask Time
0.7315450 2022-01-18 21:04:42
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