Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)
Weak Uptrend (+65) - CADBMD is showing signs of weakening momentum to the upside. Monitor CADBMD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CADBMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADBMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADBMD
The long-term trend has been UP since Aug 4th, 2020 at 0.7526739
The intermediate-term trend has been UP since Feb 15th, 2021 at 0.7918757
The short-term trend has been DOWN since Feb 26th, 2021 at 0.7925800
Smart Scan Analysis for CADBMD
Based on our trend formula, CADBMD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).