Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
US Dollar/Bahamian Dollar (FOREX:USDBSD)
Strong Downtrend (-100) - USDBSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, USDBSD continues to fall. Traders should use caution and set stops.
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 15th, 2023 at 0.9962045
The intermediate-term trend has been DOWN since Sep 10th, 2023 at 0.9997409
The short-term trend has been DOWN since Sep 10th, 2023 at 0.9997409
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).