Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
Belize Dollar/US Dollar (FOREX:BZDUSD)
Sidelines Mode (+50) - BZDUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BZDUSD can gain momentum.
Is it time to buy, sell, or avoid BZDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZDUSD
The long-term trend has been DOWN since Aug 13th, 2023 at 0.49479023
The intermediate-term trend has been UP since Oct 29th, 2023 at 0.49638240
The short-term trend has been UP since Oct 29th, 2023 at 0.49638240
Smart Scan Analysis for BZDUSD
Based on our trend formula, BZDUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).