Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
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, SHORTSYMBOL 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 May 13th, 2020 at 0.9978764
The intermediate-term trend has been DOWN since Nov 23rd, 2020 at 0.9975374
The short-term trend has been DOWN since Nov 30th, 2020 at 1.0000429
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).