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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2025.

Bermuda Dollar/Canadian Dollar (FOREX:BMDCAD)

Sidelines Mode (+55) - BMDCAD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
1.4413876 1.4441408 1.4275718 1.4275867 -0.0138010
Entry Signal

MarketClub’s Trade Triangles for BMDCAD

long term up The long-term trend has been UP since Oct 31st, 2024 at 1.3910472

intermediate term up The intermediate-term trend has been UP since Oct 8th, 2024 at 1.3614803

short term down The short-term trend has been DOWN since Jan 20th, 2025 at 1.4317614

Smart Scan Analysis for BMDCAD

Based on our trend formula, BMDCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BMDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.4413876 1.4441408 1.4275718 1.4275867 -0.0138010
Prev. Close Volume Bid Ask Time
1.4413876 2025-01-20 09:35:59
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