Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Bermuda Dollar/Barbadian Dollar (FOREX:BMDBBD)
Long-Term Uptrend (+90) - BMDBBD is in a strong uptrend that is likely to continue. While BMDBBD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid BMDBBD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BMDBBD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BMDBBD
The long-term trend has been UP since Aug 19th, 2020 at 2.0246291
The intermediate-term trend has been UP since Feb 16th, 2021 at 2.0191656
The short-term trend has been UP since Feb 23rd, 2021 at 2.0190327
Smart Scan Analysis for BMDBBD
Based on our trend formula, BMDBBD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).