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Forex Trend Analysis Report

Prepared for you on Monday, July 22, 2024.

Euro/Bermuda Dollar (FOREX:EURBMD)

Countertrend Up (+85) - EURBMD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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.

FOREX_EURBMD
Open High Low EURBMD Price Change
1.0884 1.0884 1.0884 1.0884 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURBMD

long term up The long-term trend has been UP since Jul 12th, 2024 at 1.0889

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2024 at 1.0801

short term down The short-term trend has been DOWN since Jul 21st, 2024 at 1.0899

Smart Scan Analysis for EURBMD

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

+85
Smart Scan Analysis for EURBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0884 1.0884 1.0884 1.0884 0.0000
Prev. Close Volume Bid Ask Time
1.0889 2024-07-21 17:57:12
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