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.
MarketClub’s Trade Triangles for BMDCAD
The long term trend has been DOWN since Sep 30th, 2018 at 1.28295
The intermediate term trend has been UP since Oct 18th, 2018 at 1.30490
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).