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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.

FOREX_BMDCAD
Open High Low BMDCAD Price Change
1.3737400 1.3752363 1.3737400 1.3747725 +0.0010320
Entry Signal

MarketClub’s Trade Triangles for BMDCAD

long term up The long-term trend has been UP since Feb 10th, 2020 at 1.3293598

intermediate term down The intermediate-term trend has been DOWN since Apr 13th, 2020 at 1.3888326

short term down 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).

-60
Smart Scan Analysis for BMDCAD
Strong Downtrend Sideways 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
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