Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
British Pound/Bermuda Dollar (FOREX:GBPBMD)
Sidelines Mode (+55) - GBPBMD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Dec 14th, 2023 at 1.2761457
The intermediate-term trend has been UP since Mar 5th, 2024 at 1.2738751
The short-term trend has been DOWN since Mar 12th, 2024 at 1.2828823
Smart Scan Analysis for GBPBMD
Based on our trend formula, GBPBMD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
1.2751983 | 1.2756294 | 1.2744665 | 1.2744665 | -0.0007320 |
Prev. Close | Volume | Bid | Ask | Time |
1.2751983 | 2024-03-19 01:37:37 |