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Forex Trend Analysis Report

Prepared for you on Thursday, May 9, 2024.

Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)

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

Is it time to buy, sell, or avoid CADBMD?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADBMD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADBMD
Open High Low CADBMD Price Change
0.7304327 0.7327685 0.7296299 0.7325918 +0.0021590
Entry Signal

MarketClub’s Trade Triangles for CADBMD

long term down The long-term trend has been DOWN since Apr 5th, 2024 at 0.7363289

intermediate term down The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.7367619

short term down The short-term trend has been DOWN since May 7th, 2024 at 0.7317603

Smart Scan Analysis for CADBMD

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

-70
Smart Scan Analysis for CADBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7304327 0.7327685 0.7296299 0.7325918 +0.0021590
Prev. Close Volume Bid Ask Time
0.7304327 2024-05-09 13:32:46
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