Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)

Weak Downtrend (-65) - CADBMD is showing signs of a strengthening downtrend. Monitor CADBMD as it may be building momentum to the downside.

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
0.7349254 0.7377921 0.7319740 0.7369243 +0.0019990
Entry Signal

MarketClub’s Trade Triangles for CADBMD

long term down The long-term trend has been DOWN since May 1st, 2022 at 0.7771335

intermediate term down The intermediate-term trend has been DOWN since Feb 16th, 2023 at 0.7440346

short term up The short-term trend has been UP since Mar 28th, 2023 at 0.7352272

Smart Scan Analysis for CADBMD

Based on our trend formula, CADBMD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for CADBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7349254 0.7377921 0.7319740 0.7369243 +0.0019990
Prev. Close Volume Bid Ask Time
0.7349254 2023-03-28 23:59:08
Get a free daily analysis and signals for Canadian Dollar/Bermuda Dollar (CADBMD) - Request Your Free Report.