Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Bermuda Dollar/Barbadian Dollar (FOREX:BMDBBD)
Sidelines Mode (+55) - BMDBBD 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 BMDBBD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BMDBBD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BMDBBD
The long-term trend has been DOWN since Nov 3rd, 2023 at 1.9989646
The intermediate-term trend has been UP since Dec 3rd, 2023 at 2.0191497
The short-term trend has been DOWN since Dec 5th, 2023 at 2.0146567
Smart Scan Analysis for BMDBBD
Based on our trend formula, BMDBBD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).