Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
US Dollar/Bahamian Dollar (FOREX:USDBSD)
Sidelines Mode (-55) - USDBSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 28th, 2022 at 1.0048429
The intermediate-term trend has been DOWN since Aug 10th, 2022 at 1.0014766
The short-term trend has been UP since Jun 8th, 2022 at 1.0003865
Smart Scan Analysis for USDBSD
Based on our trend formula, USDBSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).