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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Bermuda Dollar/British Pound (FOREX:BMDGBP)

Bull Market Weakness (+75) - BMDGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BMDGBP as it may be in the beginning stages of a reversal.

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
0.7922667 0.7977090 0.7919616 0.7957268 +0.0034600
Entry Signal

MarketClub’s Trade Triangles for BMDGBP

long term up The long-term trend has been UP since Sep 20th, 2023 at 0.8064213

intermediate term down The intermediate-term trend has been DOWN since Nov 3rd, 2023 at 0.8085785

short term up The short-term trend has been UP since Dec 4th, 2023 at 0.7913302

Smart Scan Analysis for BMDGBP

Based on our trend formula, BMDGBP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for BMDGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7922667 0.7977090 0.7919616 0.7957268 +0.0034600
Prev. Close Volume Bid Ask Time
0.7922667 2023-12-08 12:08:15
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