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.
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 UP since Aug 10th, 2022 at 1.0241
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).