Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
US Dollar/Brunei Dollar (FOREX:USDBND)
Strong Downtrend (-100) - USDBND is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Jul 26th, 2020 at 1.3844733
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 1.3542334
The short-term trend has been DOWN since Dec 4th, 2020 at 1.3333664
Smart Scan Analysis for USDBND
Based on our trend formula, USDBND is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).