Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Bahamian Dollar/US Dollar (FOREX:BSDUSD)
Long-Term Downtrend (-90) - BSDUSD is in a strong downtrend that is likely to continue. While BSDUSD 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 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 Dec 22nd, 2020 at 0.9948807
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.9983240
The short-term trend has been DOWN since Feb 16th, 2021 at 0.9998435
Smart Scan Analysis for BSDUSD
Based on our trend formula, BSDUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).