Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

Bermuda Dollar/Canadian Dollar (FOREX:BMDCAD)

Crossroads (-60) - BMDCAD 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 BMDCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BMDCAD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BMDCAD
Open High Low BMDCAD Price Change
1.2317015 1.2331978 1.2304047 1.2322003 +0.0004990
Entry Signal

MarketClub’s Trade Triangles for BMDCAD

long term up The long-term trend has been UP since Jul 19th, 2021 at 1.2621612

intermediate term down The intermediate-term trend has been DOWN since Oct 4th, 2021 at 1.2562408

short term down The short-term trend has been DOWN since Oct 3rd, 2021 at 1.2595327

Smart Scan Analysis for BMDCAD

Based on our trend formula, BMDCAD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for BMDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2317015 1.2331978 1.2304047 1.2322003 +0.0004990
Prev. Close Volume Bid Ask Time
1.2317015 2021-10-20 09:49:38
Get a free daily analysis and signals for Bermuda Dollar/Canadian Dollar (BMDCAD) - Request Your Free Report.