Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
Bermuda Dollar/Barbadian Dollar (FOREX:BMDBBD)
Crossroads (+60) - BMDBBD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 DOWN since Jun 16th, 2022 at 1.9965557
The intermediate-term trend has been UP since Aug 7th, 2022 at 2.0277034
The short-term trend has been UP since Aug 14th, 2022 at 2.0190393
Smart Scan Analysis for BMDBBD
Based on our trend formula, BMDBBD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).