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Forex Trend Analysis Report

Prepared for you on Tuesday, February 7, 2023.

Bermuda Dollar/Euro (FOREX:BMDEUR)

Strong Downtrend (-100) - BMDEUR is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BMDEUR continues to fall. Traders should use caution and set stops.

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
0.9150037 0.9150037 0.9150037 0.9150037 0.0000000
Entry Signal

MarketClub’s Trade Triangles for BMDEUR

long term down The long-term trend has been DOWN since Nov 15th, 2022 at 0.9717311

intermediate term down The intermediate-term trend has been DOWN since Nov 7th, 2022 at 1.0184432

short term down The short-term trend has been DOWN since Feb 3rd, 2023 at 0.9177749

Smart Scan Analysis for BMDEUR

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

-100
Smart Scan Analysis for BMDEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9150037 0.9150037 0.9150037 0.9150037 0.0000000
Prev. Close Volume Bid Ask Time
0.9150037 2023-02-03 07:14:27
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