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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)

Countertrend Down (-85) - CADBMD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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
0.6979566 0.6980489 0.6953664 0.6956511 -0.0023060
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 up The short-term trend has been UP since Dec 20th, 2024 at 0.7031212

Smart Scan Analysis for CADBMD

Based on our trend formula, CADBMD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for CADBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.6979566 0.6980489 0.6953664 0.6956511 -0.0023060
Prev. Close Volume Bid Ask Time
0.6979566 2024-12-26 10:57:13
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