Forex Trend Analysis Report
Prepared for you on Thursday, April 18, 2019.
British Pound/Bermuda Dollar (FOREX:GBPBMD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPBMD
The long term trend has been UP since Feb 26th, 2019 at 1.32490
The intermediate term trend has been UP since Feb 25th, 2019 at 1.31325
The short term trend has been DOWN since Apr 16th, 2019 at 1.30840
Smart Scan Analysis for GBPBMD
Based on a pre-defined weighted trend formula for chart analysis, GBPBMD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).