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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Bahamian Dollar (FOREX:USDBSD)
Crossroads (+60) - USDBSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDBSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBSD.
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 USDBSD
The long-term trend has been UP since Apr 10th, 2024 at 1.0014710
The intermediate-term trend has been DOWN since May 1st, 2024 at 0.9972535
The short-term trend has been DOWN since May 1st, 2024 at 1.0001026
Smart Scan Analysis for USDBSD
Based on our trend formula, USDBSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0005585 | 1.0005585 | 1.0005585 | 1.0005585 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0005585 | 2024-05-08 21:02:49 |