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Forex Trend Analysis Report

Prepared for you on Saturday, October 20, 2018.

Bermuda Dollar/Canadian Dollar (FOREX:BMDCAD)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_BMDCAD
Open High Low BMDCAD Price Change
1.30325 1.30950 1.29945 1.30835 +0.00510
Entry Signal

MarketClub’s Trade Triangles for BMDCAD

long term down The long term trend has been DOWN since Sep 30th, 2018 at 1.28295

intermediate term up The intermediate term trend has been UP since Oct 18th, 2018 at 1.30490

short term up The short term trend has been UP since Oct 17th, 2018 at 1.30110

Smart Scan Analysis for BMDCAD

Based on a pre-defined weighted trend formula for chart analysis, BMDCAD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for BMDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.30325 1.30950 1.29945 1.30835 +0.00510
Prev. Close Volume Bid Ask Time
1.30325 1.30810 1.30860 2018-10-19 18:36:10
Want to analyze Bermuda Dollar/Canadian Dollar BMDCAD or another symbol? Try our Free Forex Trend Analysis Report.