Forex Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
US Dollar/Brunei Dollar (FOREX:USDBND)
Crossroads (-60) - USDBND is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Sep 5th, 2023 at 1.3579772
The intermediate-term trend has been DOWN since Nov 12th, 2023 at 1.3671724
The short-term trend has been DOWN since Nov 12th, 2023 at 1.3671724
Smart Scan Analysis for USDBND
Based on our trend formula, USDBND is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).