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Forex Trend Analysis Report

Prepared for you on Monday, January 30, 2023.

British Pound/Bermuda Dollar (FOREX:GBPBMD)

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

Is it time to buy, sell, or avoid GBPBMD?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBMD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPBMD
Open High Low GBPBMD Price Change
1.2435702 1.2446579 1.2368085 1.2384827 -0.0050870
Entry Signal

MarketClub’s Trade Triangles for GBPBMD

long term up The long-term trend has been UP since Dec 1st, 2022 at 1.2184131

intermediate term up The intermediate-term trend has been UP since Jan 12th, 2023 at 1.2269542

short term down The short-term trend has been DOWN since Jan 24th, 2023 at 1.2361218

Smart Scan Analysis for GBPBMD

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

+75
Smart Scan Analysis for GBPBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2435702 1.2446579 1.2368085 1.2384827 -0.0050870
Prev. Close Volume Bid Ask Time
1.2435702 2023-01-30 22:37:30
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