Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Bermuda Dollar/Canadian Dollar (FOREX:BMDCAD)
Strong Uptrend (+100) - BMDCAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, BMDCAD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid BMDCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BMDCAD.
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 BMDCAD
The long-term trend has been UP since Apr 5th, 2024 at 1.3580887
The intermediate-term trend has been UP since Mar 19th, 2024 at 1.3572907
The short-term trend has been UP since May 7th, 2024 at 1.3664680
Smart Scan Analysis for BMDCAD
Based on our trend formula, BMDCAD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3690516 | 1.3702586 | 1.3687623 | 1.3699045 | +0.0008530 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3690516 | 2024-05-09 02:40:32 |