Forex Trend Analysis Report
Prepared for you on Sunday, April 21, 2019.
Bermuda Dollar/Barbadian Dollar (FOREX:BMDBBD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BMDBBD
The long term trend has been DOWN since Jan 9th, 2019 at 1.97550
The intermediate term trend has been DOWN since Apr 14th, 2019 at 1.98580
The short term trend has been UP since Apr 17th, 2019 at 1.99155
Smart Scan Analysis for BMDBBD
Based on a pre-defined weighted trend formula for chart analysis, BMDBBD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).