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Forex Trend Analysis Report

Prepared for you on Friday, June 21, 2024.

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.

FOREX_CADBMD
Open High Low CADBMD Price Change
0.7327311 0.7330981 0.7308001 0.7318137 -0.0009170
Entry Signal

MarketClub’s Trade Triangles for CADBMD

long term down The long-term trend has been DOWN since Apr 5th, 2024 at 0.7363289

intermediate term down The intermediate-term trend has been DOWN since Jun 7th, 2024 at 0.7293645

short term up The short-term trend has been UP since Jun 12th, 2024 at 0.7292584

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).

-55
Smart Scan Analysis for CADBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7327311 0.7330981 0.7308001 0.7318137 -0.0009170
Prev. Close Volume Bid Ask Time
0.7327311 2024-06-21 17:04:31
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