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Forex Trend Analysis Report
Prepared for you on Wednesday, April 24, 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.
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MarketClub’s Trade Triangles for CADBMD
The long-term trend has been DOWN since Apr 5th, 2024 at 0.7363289
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 0.7367619
The short-term trend has been UP since Apr 19th, 2024 at 0.7294945
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7337071 | 0.7338494 | 0.7301614 | 0.7314720 | -0.0022350 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7337071 | 2024-04-24 18:48:09 |