Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
Bermuda Dollar/Barbadian Dollar (FOREX:BMDBBD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since Jun 25th, 2019 at 2.0076000
The intermediate term trend has been DOWN since Dec 2nd, 2019 at 2.0077197
The short term trend has been UP since Dec 5th, 2019 at 2.0191679
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).