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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Bermuda Dollar/Canadian Dollar (FOREX:BMDCAD)
Countertrend Up (+85) - BMDCAD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 Oct 31st, 2024 at 1.3910472
The intermediate-term trend has been UP since Oct 8th, 2024 at 1.3614803
The short-term trend has been DOWN since Nov 19th, 2024 at 1.3970323
Smart Scan Analysis for BMDCAD
Based on our trend formula, BMDCAD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3922891 | 1.3934013 | 1.3916307 | 1.3929874 | +0.0006980 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3922891 | 2024-11-20 03:36:55 |