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Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
Bermuda Dollar/Canadian Dollar (FOREX:BMDCAD)
Bull Market Weakness (+75) - BMDCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BMDCAD as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for BMDCAD
The long-term trend has been UP since May 1st, 2022 at 1.2867802
The intermediate-term trend has been UP since Feb 16th, 2023 at 1.3440235
The short-term trend has been UP since Mar 24th, 2023 at 1.3710816
Smart Scan Analysis for BMDCAD
Based on our trend formula, BMDCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3693808 | 1.3710616 | 1.3616250 | 1.3624330 | -0.0069480 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3693808 | 2023-03-27 16:08:57 |