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Forex Trend Analysis Report

Prepared for you on Sunday, July 3, 2022.

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.

FOREX_BMDCAD
Open High Low BMDCAD Price Change
1.2863862 1.2865358 1.2849797 1.2855333 -0.0008530
Entry Signal

MarketClub’s Trade Triangles for BMDCAD

long term up The long-term trend has been UP since May 1st, 2022 at 1.2867802

intermediate term up The intermediate-term trend has been UP since Jun 13th, 2022 at 1.2849747

short term up The short-term trend has been UP since Jun 30th, 2022 at 1.2883463

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).

+70
Smart Scan Analysis for BMDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2863862 1.2865358 1.2849797 1.2855333 -0.0008530
Prev. Close Volume Bid Ask Time
1.2863862 2022-07-03 16:54:07
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