Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
US Dollar/Belize Dollar (FOREX:USDBZD)
Sidelines Mode (+55) - USDBZD 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 USDBZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDBZD
The long-term trend has been UP since Jun 13th, 2021 at 2.0201378
The intermediate-term trend has been UP since Sep 22nd, 2021 at 2.0200163
The short-term trend has been DOWN since Sep 23rd, 2021 at 2.0167689
Smart Scan Analysis for USDBZD
Based on our trend formula, USDBZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).