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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Bermuda Dollar/Euro (FOREX:BMDEUR)

Strong Downtrend (-100) - BMDEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BMDEUR continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_BMDEUR
Open High Low BMDEUR Price Change
0.9171857 0.9171857 0.9171857 0.9171857 0.0000000
Entry Signal

MarketClub’s Trade Triangles for BMDEUR

long term down The long-term trend has been DOWN since Dec 24th, 2023 at 0.9155063

intermediate term down The intermediate-term trend has been DOWN since Feb 26th, 2024 at 0.9261046

short term down The short-term trend has been DOWN since Feb 20th, 2024 at 0.9278231

Smart Scan Analysis for BMDEUR

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

-100
Smart Scan Analysis for BMDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9171857 0.9171857 0.9171857 0.9171857 0.0000000
Prev. Close Volume Bid Ask Time
0.9171857 2024-03-18 22:07:02
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