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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Euro/Bermuda Dollar (FOREX:EURBMD)
Bear Market Rally (-75) - EURBMD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURBMD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURBMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBMD.
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 EURBMD
The long-term trend has been DOWN since Apr 18th, 2024 at 1.0708
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 1.0819
The short-term trend has been UP since Apr 24th, 2024 at 1.0676
Smart Scan Analysis for EURBMD
Based on our trend formula, EURBMD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0688 | 1.0688 | 1.0688 | 1.0688 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0725 | 2024-04-24 21:01:02 |