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Forex Trend Analysis Report
Prepared for you on Thursday, December 26, 2024.
British Pound/Bermuda Dollar (FOREX:GBPBMD)
Countertrend Down (-85) - GBPBMD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for GBPBMD
The long-term trend has been DOWN since Nov 14th, 2024 at 1.2696596
The intermediate-term trend has been DOWN since Dec 25th, 2024 at 1.2506728
The short-term trend has been UP since Dec 25th, 2024 at 1.2619155
Smart Scan Analysis for GBPBMD
Based on our trend formula, GBPBMD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.2570485 | 1.2578756 | 1.2554796 | 1.2561413 | -0.0009070 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.2570485 | 2024-12-26 04:51:28 |