Forex Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
Bahamian Dollar/US Dollar (FOREX:BSDUSD)
Crossroads (-60) - BSDUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 UP since Apr 6th, 2021 at 1.0048465
The intermediate-term trend has been DOWN since Apr 6th, 2021 at 1.0001712
The short-term trend has been DOWN since Apr 6th, 2021 at 1.0003338
Smart Scan Analysis for BSDUSD
Based on our trend formula, BSDUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).