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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.
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MarketClub’s Trade Triangles for GBPBMD
The long-term trend has been DOWN since Feb 28th, 2020 at 1.2801606
The intermediate-term trend has been UP since Jun 1st, 2020 at 1.2467180
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).
| 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 |