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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Barbadian Dollar/US Dollar (FOREX:BBDUSD)

Crossroads (-60) - BBDUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid BBDUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BBDUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BBDUSD
Open High Low BBDUSD Price Change
0.49511044 0.49524599 0.49511044 0.49524599 +0.00013600
Entry Signal

MarketClub’s Trade Triangles for BBDUSD

long term up The long-term trend has been UP since Dec 27th, 2023 at 0.49795689

intermediate term down The intermediate-term trend has been DOWN since Mar 12th, 2024 at 0.49521661

short term down The short-term trend has been DOWN since Mar 29th, 2024 at 0.49536871

Smart Scan Analysis for BBDUSD

Based on our trend formula, BBDUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for BBDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.49511044 0.49524599 0.49511044 0.49524599 +0.00013600
Prev. Close Volume Bid Ask Time
0.49511044 2024-03-29 03:30:07
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