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Forex Trend Analysis Report

Prepared for you on Wednesday, January 22, 2020.

US Dollar/Bermuda Dollar (FOREX:USDBMD)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDBMD
Open High Low USDBMD Price Change
1 1 1 1 0
Entry Signal

MarketClub’s Trade Triangles for USDBMD

long term down The long term trend has been DOWN since Nov 9th, 2018 at 1

intermediate term down The intermediate term trend has been DOWN since Nov 9th, 2018 at 1

short term down The short term trend has been DOWN since Nov 9th, 2018 at 1

Smart Scan Analysis for USDBMD

Based on a pre-defined weighted trend formula for chart analysis, USDBMD scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for USDBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1 1 1 1 0
Prev. Close Volume Bid Ask Time
1 1 1 2020-01-21 12:07:13
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