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.
MarketClub’s Trade Triangles for BBDUSD
The long-term trend has been DOWN since May 13th, 2020 at 0.49445964
The intermediate-term trend has been UP since May 18th, 2020 at 0.49648368
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).