Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
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.
MarketClub’s Trade Triangles for BSDUSD
The long-term trend has been DOWN since Oct 24th, 2023 at 0.9978219
The intermediate-term trend has been DOWN since Dec 6th, 2023 at 0.9994380
The short-term trend has been DOWN since Dec 6th, 2023 at 0.9994380
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).