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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Bermuda Dollar (FOREX:EURBMD)
Sidelines Mode (-55) - EURBMD 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 EURBMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBMD.
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 EURBMD
The long-term trend has been DOWN since Apr 18th, 2024 at 1.0708
The intermediate-term trend has been UP since May 7th, 2024 at 1.0743
The short-term trend has been DOWN since May 9th, 2024 at 1.0743
Smart Scan Analysis for EURBMD
Based on our trend formula, EURBMD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0735 | 1.0735 | 1.0735 | 1.0735 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0735 | 2024-05-09 07:26:28 |