Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 CADBMD
The long term trend has been DOWN since Nov 9th, 2018 at 0.758045
The intermediate term trend has been DOWN since Oct 18th, 2018 at 0.766360
The short term trend has been UP since Nov 15th, 2018 at 0.760325
Smart Scan Analysis for CADBMD
Based on a pre-defined weighted trend formula for chart analysis, CADBMD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).