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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Barbadian Dollar/US Dollar (FOREX:BBDUSD)

Long-Term Downtrend (-90) - BBDUSD is in a strong downtrend that is likely to continue. While BBDUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.49533287 0.49533287 0.49533287 0.49533287 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BBDUSD

long term down The long-term trend has been DOWN since Jul 11th, 2022 at 0.49483486

intermediate term down The intermediate-term trend has been DOWN since Aug 9th, 2022 at 0.49481973

short term down The short-term trend has been DOWN since Jul 29th, 2022 at 0.49539133

Smart Scan Analysis for BBDUSD

Based on our trend formula, BBDUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BBDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.49533287 0.49533287 0.49533287 0.49533287 0.00000000
Prev. Close Volume Bid Ask Time
0.49533287 2022-08-10 07:20:33
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