Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
Brunei Dollar/Euro (FOREX:BNDEUR)
Long-Term Downtrend (-90) - BNDEUR is in a strong downtrend that is likely to continue. While BNDEUR 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 BNDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BNDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BNDEUR
The long-term trend has been DOWN since Nov 17th, 2022 at 0.7067845
The intermediate-term trend has been DOWN since Mar 6th, 2023 at 0.6998573
The short-term trend has been DOWN since Mar 6th, 2023 at 0.7011335
Smart Scan Analysis for BNDEUR
Based on our trend formula, BNDEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).