Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Bermuda Dollar/Euro (FOREX:BMDEUR)
Weak Downtrend (-65) - BMDEUR is showing signs of a strengthening downtrend. Monitor BMDEUR as it may be building momentum to the downside.
Is it time to buy, sell, or avoid BMDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BMDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BMDEUR
The long-term trend has been UP since Mar 19th, 2020 at 0.9267054
The intermediate-term trend has been DOWN since May 20th, 2020 at 0.9195472
The short-term trend has been DOWN since May 20th, 2020 at 0.9203936
Smart Scan Analysis for BMDEUR
Based on our trend formula, BMDEUR is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).