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Forex Trend Analysis Report

Prepared for you on Tuesday, August 16, 2022.

Euro/Bermuda Dollar (FOREX:EURBMD)

Crossroads (-60) - EURBMD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
1.0291 1.0291 1.0291 1.0291 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURBMD

long term down The long-term trend has been DOWN since Aug 9th, 2021 at 1.1777

intermediate term up The intermediate-term trend has been UP since Aug 10th, 2022 at 1.0241

short term up The short-term trend has been UP since Jul 25th, 2022 at 1.0156

Smart Scan Analysis for EURBMD

Based on our trend formula, EURBMD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for EURBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0291 1.0291 1.0291 1.0291 0.0000
Prev. Close Volume Bid Ask Time
1.0204 2022-08-14 21:08:42
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