Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Brunei Dollar/US Dollar (FOREX:BNDUSD)
Sidelines Mode (+50) - BNDUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BNDUSD can gain momentum.
Is it time to buy, sell, or avoid BNDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BNDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BNDUSD
The long-term trend has been DOWN since Feb 3rd, 2020 at 0.7319182
The intermediate-term trend has been UP since Mar 29th, 2020 at 0.7027620
The short-term trend has been UP since May 19th, 2020 at 0.7043236
Smart Scan Analysis for BNDUSD
Based on our trend formula, BNDUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).