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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)

Weak Uptrend (+65) - CADBMD is showing signs of weakening momentum to the upside. Monitor CADBMD as it may be in the beginning stages of a reversal.

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

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

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

FOREX_CADBMD
Open High Low CADBMD Price Change
0.7398613 0.7403011 0.7380637 0.7388824 -0.0009790
Entry Signal

MarketClub’s Trade Triangles for CADBMD

long term up The long-term trend has been UP since Dec 15th, 2023 at 0.7489680

intermediate term up The intermediate-term trend has been UP since Mar 8th, 2024 at 0.7464723

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 0.7411193

Smart Scan Analysis for CADBMD

Based on our trend formula, CADBMD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for CADBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7398613 0.7403011 0.7380637 0.7388824 -0.0009790
Prev. Close Volume Bid Ask Time
0.7398613 2024-03-19 07:21:59
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