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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.

FOREX_EURBMD
Open High Low EURBMD Price Change
1.166 1.166 1.166 1.166 0.000
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 down The intermediate-term trend has been DOWN since Sep 27th, 2021 at 1.1766

short term up 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).

-85
Smart Scan Analysis for EURBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.166 1.166 1.166 1.166 0.000
Prev. Close Volume Bid Ask Time
1.166 2021-10-19 07:16:41
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