Forex Trend Analysis Report
Prepared for you on Monday, August 8, 2022.
Bermuda Dollar/Cayman Islands Dollar (FOREX:BMDKYD)
Countertrend Down (-85) - BMDKYD 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 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.
MarketClub’s Trade Triangles for BMDKYD
The long-term trend has been DOWN since Jun 17th, 2022 at 0.8280712
The intermediate-term trend has been DOWN since Jul 15th, 2022 at 0.8324222
The short-term trend has been UP since Aug 2nd, 2022 at 0.8333079
Smart Scan Analysis for BMDKYD
Based on our trend formula, BMDKYD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).