Forex Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
US Dollar/Brunei Dollar (FOREX:USDBND)
Weak Downtrend (-65) - USDBND is showing signs of a strengthening downtrend. Monitor USDBND as it may be building momentum to the downside.
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 UP since Feb 3rd, 2020 at 1.3666511
The intermediate-term trend has been DOWN since Mar 29th, 2020 at 1.4233088
The short-term trend has been DOWN since Mar 29th, 2020 at 1.4233088
Smart Scan Analysis for USDBND
Based on our trend formula, USDBND is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).