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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)
Countertrend Down (-85) - CADBMD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
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MarketClub’s Trade Triangles for CADBMD
The long-term trend has been DOWN since Oct 31st, 2024 at 0.7188829
The intermediate-term trend has been DOWN since Nov 14th, 2024 at 0.7149046
The short-term trend has been UP since Nov 19th, 2024 at 0.7158286
Smart Scan Analysis for CADBMD
Based on our trend formula, CADBMD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7182416 | 0.7185943 | 0.7176683 | 0.7176683 | -0.0005730 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7182416 | 2024-11-20 03:34:29 |