Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
US Dollar/Bahamian Dollar (FOREX:USDBSD)
Strong Uptrend (+100) - USDBSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDBSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid USDBSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDBSD
The long-term trend has been UP since May 13th, 2020 at 1.0021686
The intermediate-term trend has been UP since Nov 23rd, 2020 at 1.0025035
The short-term trend has been UP since Nov 30th, 2020 at 0.9999916
Smart Scan Analysis for USDBSD
Based on our trend formula, USDBSD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).