Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
US Dollar/Brunei Dollar (FOREX:USDBND)
Sidelines Mode (+50) - USDBND is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDBND can gain momentum.
Is it time to buy, sell, or avoid USDBND?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBND.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDBND
The long-term trend has been DOWN since Nov 30th, 2022 at 1.3688481
The intermediate-term trend has been UP since Feb 7th, 2023 at 1.3237237
The short-term trend has been UP since Feb 7th, 2023 at 1.3133934
Smart Scan Analysis for USDBND
Based on our trend formula, USDBND is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).