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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Bahamian Dollar (FOREX:USDBSD)
Countertrend Up (+85) - USDBSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
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MarketClub’s Trade Triangles for USDBSD
The long-term trend has been UP since Nov 8th, 2024 at 1.0050761
The intermediate-term trend has been UP since Nov 5th, 2024 at 1.0001835
The short-term trend has been UP since Nov 8th, 2024 at 1.0002753
Smart Scan Analysis for USDBSD
Based on our trend formula, USDBSD is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0056418 | 1.0056418 | 1.0056418 | 1.0056418 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0033153 | 2024-11-09 14:52:04 |