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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Bermuda Dollar/Euro (FOREX:BMDEUR)
Sidelines Mode (+55) - BMDEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BMDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BMDEUR.
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 BMDEUR
The long-term trend has been UP since Apr 18th, 2024 at 0.9338885
The intermediate-term trend has been DOWN since May 7th, 2024 at 0.9308459
The short-term trend has been UP since May 9th, 2024 at 0.9308459
Smart Scan Analysis for BMDEUR
Based on our trend formula, BMDEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9315396 | 0.9315396 | 0.9315396 | 0.9315396 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9315396 | 2024-05-09 07:26:28 |