Forex Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
Bermuda Dollar/Barbadian Dollar (FOREX:BMDBBD)
Bear Market Rally (-75) - BMDBBD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BMDBBD as it may be in the beginning of a reversal.
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 Nov 3rd, 2023 at 1.9989646
The intermediate-term trend has been DOWN since Nov 14th, 2023 at 1.9975711
The short-term trend has been DOWN since Nov 26th, 2023 at 2.0127815
Smart Scan Analysis for BMDBBD
Based on our trend formula, BMDBBD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).