Forex Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
US Dollar/Barbadian Dollar (FOREX:USDBBD)
Countertrend Up (+85) - USDBBD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDBBD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBBD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDBBD
The long-term trend has been UP since Oct 24th, 2023 at 2.0211601
The intermediate-term trend has been UP since Nov 24th, 2023 at 2.0172738
The short-term trend has been UP since Nov 24th, 2023 at 2.0172738
Smart Scan Analysis for USDBBD
Based on our trend formula, USDBBD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).