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Forex Trend Analysis Report

Prepared for you on Monday, June 1, 2020.

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.

FOREX_GBPBMD
Open High Low GBPBMD Price Change
1.2415453 1.2514598 1.2407383 1.2494949 +0.0079500
Entry Signal

MarketClub’s Trade Triangles for GBPBMD

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 1.2801606

intermediate term up The intermediate-term trend has been UP since Jun 1st, 2020 at 1.2467180

short term up The short-term trend has been UP since May 26th, 2020 at 1.2253753

Smart Scan Analysis for GBPBMD

Based on our trend formula, GBPBMD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2415453 1.2514598 1.2407383 1.2494949 +0.0079500
Prev. Close Volume Bid Ask Time
1.2415453 1.2494347 1.2495550 2020-06-01 13:03:25
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