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Forex Trend Analysis Report

Prepared for you on Monday, May 27, 2024.

Barbadian Dollar/US Dollar (FOREX:BBDUSD)

Countertrend Down (-85) - BBDUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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
0.49610152 0.49610152 0.49587297 0.49587297 -0.00022900
Entry Signal

MarketClub’s Trade Triangles for BBDUSD

long term down The long-term trend has been DOWN since Apr 10th, 2024 at 0.49248036

intermediate term down The intermediate-term trend has been DOWN since May 23rd, 2024 at 0.49457235

short term up The short-term trend has been UP since May 26th, 2024 at 0.49589354

Smart Scan Analysis for BBDUSD

Based on our trend formula, BBDUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BBDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.49610152 0.49610152 0.49587297 0.49587297 -0.00022900
Prev. Close Volume Bid Ask Time
0.49610152 2024-05-26 21:00:23
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