Forex Trend Analysis Report
Prepared for you on Tuesday, November 28, 2023.
US Dollar/Bermuda Dollar (FOREX:USDBMD)
Strong Downtrend (-100) - USDBMD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDBMD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDBMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDBMD
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for USDBMD
Based on our trend formula, USDBMD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).