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.
MarketClub’s Trade Triangles for BMDCAD
The long-term trend has been DOWN since Aug 4th, 2020 at 1.3283573
The intermediate-term trend has been DOWN since Feb 15th, 2021 at 1.2628245
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).