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Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
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.
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MarketClub’s Trade Triangles for BMDCAD
The long-term trend has been UP since Feb 10th, 2020 at 1.3293598
The intermediate-term trend has been DOWN since Apr 13th, 2020 at 1.3888326
The short-term trend has been DOWN since May 26th, 2020 at 1.3912068
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3737400 | 1.3752363 | 1.3737400 | 1.3747725 | +0.0010320 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3737400 | 1.3740692 | 1.3754757 | 2020-05-31 16:51:22 |