Forex Trend Analysis Report
Prepared for you on Tuesday, October 19, 2021.
Barbadian Dollar/Euro (FOREX:BBDEUR)
Sidelines Mode (+55) - BBDEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BBDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BBDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BBDEUR
The long-term trend has been UP since Aug 9th, 2021 at 0.42074286
The intermediate-term trend has been UP since Sep 22nd, 2021 at 0.42111510
The short-term trend has been DOWN since Oct 19th, 2021 at 0.42637841
Smart Scan Analysis for BBDEUR
Based on our trend formula, BBDEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).