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Forex Trend Analysis Report

Prepared for you on Sunday, April 14, 2024.

Bermuda Dollar/Canadian Dollar (FOREX:BMDCAD)

Long-Term Uptrend (+90) - BMDCAD is in a strong uptrend that is likely to continue. While BMDCAD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.

FOREX_BMDCAD
Open High Low BMDCAD Price Change
1.3667822 1.3753460 1.3666675 1.3711564 +0.0043740
Entry Signal

MarketClub’s Trade Triangles for BMDCAD

long term up The long-term trend has been UP since Apr 5th, 2024 at 1.3580887

intermediate term up The intermediate-term trend has been UP since Mar 19th, 2024 at 1.3572907

short term up The short-term trend has been UP since Apr 10th, 2024 at 1.3584877

Smart Scan Analysis for BMDCAD

Based on our trend formula, BMDCAD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for BMDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3667822 1.3753460 1.3666675 1.3711564 +0.0043740
Prev. Close Volume Bid Ask Time
1.3667822 2024-04-12 17:05:41
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