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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 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.
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MarketClub’s Trade Triangles for BMDCAD
The long-term trend has been UP since Apr 5th, 2024 at 1.3580887
The intermediate-term trend has been UP since Jul 19th, 2024 at 1.3723534
The short-term trend has been UP since Jul 12th, 2024 at 1.3614803
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.3782389 | 1.3820045 | 1.3770418 | 1.3794359 | +0.0011970 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.3782389 | 2024-07-26 17:04:02 |