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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Bermuda Dollar/Euro (FOREX:BMDEUR)
Countertrend Down (-85) - BMDEUR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for BMDEUR
The long-term trend has been DOWN since Jul 12th, 2024 at 0.9183649
The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.9258473
The short-term trend has been UP since Jul 21st, 2024 at 0.9175223
Smart Scan Analysis for BMDEUR
Based on our trend formula, BMDEUR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.9211566 | 0.9211566 | 0.9211566 | 0.9211566 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.9211566 | 2024-07-26 14:00:13 |