Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
US Dollar/Bahamian Dollar (FOREX:USDBSD)
Sidelines Mode (+50) - USDBSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDBSD can gain 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 DOWN since Jun 2nd, 2019 at 0.9969850
The intermediate-term trend has been UP since Mar 31st, 2020 at 1.0015824
The short-term trend has been UP since Apr 6th, 2020 at 1.0004114
Smart Scan Analysis for USDBSD
Based on our trend formula, USDBSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).