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.
MarketClub’s Trade Triangles for GBPBMD
The long-term trend has been UP since Dec 1st, 2022 at 1.2184131
The intermediate-term trend has been UP since Jan 12th, 2023 at 1.2269542
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).