Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
US Dollar/Barbadian Dollar (FOREX:USDBBD)
Bull Market Weakness (+75) - USDBBD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDBBD as it may be in the beginning stages of a reversal.
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 Nov 23rd, 2020 at 2.0267572
The intermediate-term trend has been UP since Feb 16th, 2021 at 2.0224775
The short-term trend has been UP since Feb 16th, 2021 at 2.0193809
Smart Scan Analysis for USDBBD
Based on our trend formula, USDBBD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).