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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.

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FOREX_CADBMD
Open High Low CADBMD Price Change
0.7109877 0.7111517 0.7023330 0.7045295 -0.0064580
Entry Signal

MarketClub’s Trade Triangles for CADBMD

long term down The long-term trend has been DOWN since Feb 10th, 2020 at 0.7522418

intermediate term down The intermediate-term trend has been DOWN since Jan 22nd, 2020 at 0.7649853

short term down 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).

-100
Smart Scan Analysis for CADBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7109877 0.7111517 0.7023330 0.7045295 -0.0064580
Prev. Close Volume Bid Ask Time
0.7109877 0.7044750 0.7045840 2020-04-01 14:39:59
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