Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Euro/Bermuda Dollar (FOREX:EURBMD)
Weak Downtrend (-65) - EURBMD is showing signs of a strengthening downtrend. Monitor EURBMD as it may be building momentum to the downside.
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 Sep 21st, 2023 at 1.0693
The intermediate-term trend has been UP since Oct 29th, 2023 at 1.0551
The short-term trend has been DOWN since Dec 5th, 2023 at 1.0866
Smart Scan Analysis for EURBMD
Based on our trend formula, EURBMD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).