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Forex Trend Analysis Report

Prepared for you on Sunday, December 8, 2024.

Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)

Long-Term Downtrend (-90) - CADBMD is in a strong downtrend that is likely to continue. While CADBMD is showing intraday strength, it remains in the confines of a bearish trend. 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.

FOREX_CADBMD
Open High Low CADBMD Price Change
0.7081376 0.7081376 0.7081376 0.7081376 0.0000000
Entry Signal

MarketClub’s Trade Triangles for CADBMD

long term down The long-term trend has been DOWN since Oct 31st, 2024 at 0.7188829

intermediate term down The intermediate-term trend has been DOWN since Nov 14th, 2024 at 0.7149046

short term down The short-term trend has been DOWN since Nov 25th, 2024 at 0.7150576

Smart Scan Analysis for CADBMD

Based on our trend formula, CADBMD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CADBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7081376 0.7081376 0.7081376 0.7081376 0.0000000
Prev. Close Volume Bid Ask Time
0.7081376 2024-12-07 20:17:27
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