Forex Trend Analysis Report
Prepared for you on Tuesday, August 4, 2020.
Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)
Strong Uptrend (+100) - CADBMD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADBMD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Aug 4th, 2020 at 0.7526739
The intermediate-term trend has been UP since Apr 13th, 2020 at 0.7200446
The short-term trend has been UP since Aug 4th, 2020 at 0.7496542
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).