Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Brunei Dollar/US Dollar (FOREX:BNDUSD)
Long-Term Downtrend (-90) - BNDUSD is in a strong downtrend that is likely to continue. While BNDUSD 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
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 DOWN since Jan 27th, 2020 at 0.7400241
The short-term trend has been DOWN since Jan 24th, 2020 at 0.7412946
Smart Scan Analysis for BNDUSD
Based on our trend formula, BNDUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).