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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Barbadian Dollar/US Dollar (FOREX:BBDUSD)

Sidelines Mode (+50) - BBDUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BBDUSD can gain momentum.

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

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

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

FOREX_BBDUSD
Open High Low BBDUSD Price Change
0.49569998 0.49671726 0.49569998 0.49671726 +0.00101700
Entry Signal

MarketClub’s Trade Triangles for BBDUSD

long term down The long-term trend has been DOWN since May 13th, 2020 at 0.49445964

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 0.49648368

short term up The short-term trend has been UP since May 18th, 2020 at 0.49648368

Smart Scan Analysis for BBDUSD

Based on our trend formula, BBDUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for BBDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.49569998 0.49671726 0.49569998 0.49671726 +0.00101700
Prev. Close Volume Bid Ask Time
0.49569998 0.48564169 0.50779283 2020-06-01 21:09:45
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