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Forex Trend Analysis Report

Prepared for you on Thursday, March 4, 2021.

Bermuda Dollar/Canadian Dollar (FOREX:BMDCAD)

Weak Downtrend (-65) - BMDCAD is showing signs of a strengthening downtrend. Monitor BMDCAD as it may be building momentum to the downside.

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
1.2632584 1.2634230 1.2601312 1.2627098 -0.0005490
Entry Signal

MarketClub’s Trade Triangles for BMDCAD

long term down The long-term trend has been DOWN since Aug 4th, 2020 at 1.3283573

intermediate term down The intermediate-term trend has been DOWN since Feb 15th, 2021 at 1.2628245

short term down The short-term trend has been DOWN since Mar 3rd, 2021 at 1.2568393

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
1.2632584 1.2634230 1.2601312 1.2627098 -0.0005490
Prev. Close Volume Bid Ask Time
1.2632584 2021-03-04 04:40:20
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