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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.

FOREX_BSDUSD
Open High Low BSDUSD Price Change
1.000368 1.000368 1.000368 1.000368 0.000000
Entry Signal

MarketClub’s Trade Triangles for BSDUSD

long term down The long-term trend has been DOWN since Dec 22nd, 2020 at 0.9948807

intermediate term down The intermediate-term trend has been DOWN since Feb 16th, 2021 at 0.9983240

short term down 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).

-90
Smart Scan Analysis for BSDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.000368 1.000368 1.000368 1.000368 0.000000
Prev. Close Volume Bid Ask Time
1.000368 2021-02-25 07:31:39
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