Forex Trend Analysis Report
Prepared for you on Monday, May 29, 2023.
Barbadian Dollar/Surinamese Dollar (FOREX:BBDSRD)
Sidelines Mode (+55) - BBDSRD 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 BBDSRD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BBDSRD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BBDSRD
The long-term trend has been UP since Sep 28th, 2022 at 13.4890
The intermediate-term trend has been UP since Feb 16th, 2023 at 16.0205
The short-term trend has been DOWN since May 17th, 2023 at 18.4995
Smart Scan Analysis for BBDSRD
Based on our trend formula, BBDSRD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).