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Forex Trend Analysis Report

Prepared for you on Saturday, December 5, 2020.

Bermuda Dollar/Cayman Islands Dollar (FOREX:BMDKYD)

Long-Term Downtrend (-90) - BMDKYD is in a strong downtrend that is likely to continue. While BMDKYD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid BMDKYD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BMDKYD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BMDKYD
Open High Low BMDKYD Price Change
0.8280206 0.8280206 0.8280206 0.8280206 0.0000000
Entry Signal

MarketClub’s Trade Triangles for BMDKYD

long term down The long-term trend has been DOWN since Nov 3rd, 2020 at 0.8298686

intermediate term down The intermediate-term trend has been DOWN since Oct 19th, 2020 at 0.8324707

short term down The short-term trend has been DOWN since Nov 3rd, 2020 at 0.8333103

Smart Scan Analysis for BMDKYD

Based on our trend formula, BMDKYD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BMDKYD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.8280206 0.8280206 0.8280206 0.8280206 0.0000000
Prev. Close Volume Bid Ask Time
0.8280206 2020-12-03 07:20:41
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