Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)
Sidelines Mode (-55) - CADBMD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Sep 5th, 2023 at 0.7349497
The intermediate-term trend has been UP since Nov 24th, 2023 at 0.7355212
The short-term trend has been DOWN since Dec 5th, 2023 at 0.7388797
Smart Scan Analysis for CADBMD
Based on our trend formula, CADBMD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).