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.
MarketClub’s Trade Triangles for BMDEUR
The long-term trend has been UP since Sep 21st, 2023 at 0.9351986
The intermediate-term trend has been DOWN since Oct 29th, 2023 at 0.9477851
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).