Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
US Dollar/Bahamian Dollar (FOREX:USDBSD)
Bull Market Weakness (+75) - USDBSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDBSD as it may be in the beginning stages of a reversal.
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 Jun 13th, 2021 at 1.0022194
The intermediate-term trend has been UP since Sep 22nd, 2021 at 1.0021812
The short-term trend has been UP since Oct 11th, 2021 at 1.0001115
Smart Scan Analysis for USDBSD
Based on our trend formula, USDBSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).