Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Euro/Bermuda Dollar (FOREX:EURBMD)
Sidelines Mode (+50) - EURBMD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURBMD can gain momentum.
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.
MarketClub’s Trade Triangles for EURBMD
The long-term trend has been DOWN since Mar 19th, 2020 at 1.0791
The intermediate-term trend has been UP since May 20th, 2020 at 1.0875
The short-term trend has been UP since May 20th, 2020 at 1.0865
Smart Scan Analysis for EURBMD
Based on our trend formula, EURBMD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).