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Forex Trend Analysis Report

Prepared for you on Monday, December 11, 2023.

British Pound/Bermuda Dollar (FOREX:GBPBMD)

Weak Downtrend (-65) - GBPBMD is showing signs of a strengthening downtrend. Monitor GBPBMD as it may be building momentum to the downside.

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
1.2567528 1.2620208 1.2566826 1.2589332 +0.0021800
Entry Signal

MarketClub’s Trade Triangles for GBPBMD

long term down The long-term trend has been DOWN since Sep 20th, 2023 at 1.2400465

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2023 at 1.2367384

short term down The short-term trend has been DOWN since Dec 4th, 2023 at 1.2636949

Smart Scan Analysis for GBPBMD

Based on our trend formula, GBPBMD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for GBPBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2567528 1.2620208 1.2566826 1.2589332 +0.0021800
Prev. Close Volume Bid Ask Time
1.2567528 2023-12-11 13:59:11
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