Forex Trend Analysis Report
Prepared for you on Wednesday, April 1, 2020.
Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)
Strong Downtrend (-100) - CADBMD 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 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 DOWN since Feb 10th, 2020 at 0.7522418
The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 0.7649853
The short-term trend has been DOWN since Mar 31st, 2020 at 0.7055882
Smart Scan Analysis for CADBMD
Based on our trend formula, CADBMD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).