Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Euro/Bermuda Dollar (FOREX:EURBMD)
Countertrend Down (-85) - EURBMD 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 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 Aug 9th, 2021 at 1.1777
The intermediate-term trend has been DOWN since Sep 27th, 2021 at 1.1766
The short-term trend has been UP since Oct 19th, 2021 at 1.1561
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).