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Forex Trend Analysis Report

Prepared for you on Thursday, July 25, 2024.

Bahamian Dollar/US Dollar (FOREX:BSDUSD)

Strong Downtrend (-100) - BSDUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BSDUSD continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_BSDUSD
Open High Low BSDUSD Price Change
0.9997742 0.9997742 0.9997097 0.9997097 -0.0000640
Entry Signal

MarketClub’s Trade Triangles for BSDUSD

long term down The long-term trend has been DOWN since Apr 10th, 2024 at 0.9985724

intermediate term down The intermediate-term trend has been DOWN since Jul 15th, 2024 at 0.9989608

short term down The short-term trend has been DOWN since Jul 24th, 2024 at 1.0001378

Smart Scan Analysis for BSDUSD

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

-100
Smart Scan Analysis for BSDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9997742 0.9997742 0.9997097 0.9997097 -0.0000640
Prev. Close Volume Bid Ask Time
0.9997742 2024-07-24 21:07:16
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