Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 CADBMD
The long term trend has been DOWN since Mar 5th, 2018 at 0.771190
The intermediate term trend has been UP since Sep 20th, 2018 at 0.777550
The short term trend has been UP since Sep 18th, 2018 at 0.772115
Smart Scan Analysis for CADBMD
Based on a pre-defined weighted trend formula for chart analysis, CADBMD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).