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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

British Pound/Bermuda Dollar (FOREX:GBPBMD)

Countertrend Up (+85) - GBPBMD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
1.2919898 1.2927918 1.2917191 1.2926364 +0.0006470
Entry Signal

MarketClub’s Trade Triangles for GBPBMD

long term up The long-term trend has been UP since Jul 10th, 2024 at 1.2890676

intermediate term up The intermediate-term trend has been UP since Jul 8th, 2024 at 1.2849725

short term down The short-term trend has been DOWN since Jul 18th, 2024 at 1.2972528

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).

+85
Smart Scan Analysis for GBPBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2919898 1.2927918 1.2917191 1.2926364 +0.0006470
Prev. Close Volume Bid Ask Time
1.2919898 2024-07-24 02:07:43
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