Forex Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
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.
MarketClub’s Trade Triangles for BMDCAD
The long-term trend has been UP since Jul 19th, 2021 at 1.2621612
The intermediate-term trend has been DOWN since Oct 4th, 2021 at 1.2562408
The short-term trend has been DOWN since Oct 3rd, 2021 at 1.2595327
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).