Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
US Dollar/Barbadian Dollar (FOREX:USDBBD)
Sidelines Mode (+50) - USDBBD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDBBD can gain momentum.
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 DOWN since Mar 8th, 2020 at 2.0115286
The intermediate-term trend has been UP since Mar 31st, 2020 at 2.0194706
The short-term trend has been UP since Apr 6th, 2020 at 2.0199296
Smart Scan Analysis for USDBBD
Based on our trend formula, USDBBD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).