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Forex Trend Analysis Report

Prepared for you on Monday, March 1, 2021.

Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)

Weak Uptrend (+65) - CADBMD is showing signs of weakening momentum to the upside. Monitor CADBMD as it may be in the beginning stages of a reversal.

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
0.7889932 0.7911258 0.7885122 0.7909603 +0.0019670
Entry Signal

MarketClub’s Trade Triangles for CADBMD

long term up The long-term trend has been UP since Aug 4th, 2020 at 0.7526739

intermediate term up The intermediate-term trend has been UP since Feb 15th, 2021 at 0.7918757

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 0.7925800

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
0.7889932 0.7911258 0.7885122 0.7909603 +0.0019670
Prev. Close Volume Bid Ask Time
0.7889932 2021-03-01 08:43:31
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