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Forex Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

Bermuda Dollar/Euro (FOREX:BMDEUR)

Sidelines Mode (-55) - BMDEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_BMDEUR
Open High Low BMDEUR Price Change
0.9273929 0.9273929 0.9273929 0.9273929 0.0000000
Entry Signal

MarketClub’s Trade Triangles for BMDEUR

long term up The long-term trend has been UP since Sep 21st, 2023 at 0.9351986

intermediate term down The intermediate-term trend has been DOWN since Oct 29th, 2023 at 0.9477851

short term up The short-term trend has been UP since Dec 5th, 2023 at 0.9203089

Smart Scan Analysis for BMDEUR

Based on our trend formula, BMDEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for BMDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9273929 0.9273929 0.9273929 0.9273929 0.0000000
Prev. Close Volume Bid Ask Time
0.9273929 2023-12-09 00:32:24
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