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Forex Trend Analysis Report

Prepared for you on Monday, March 20, 2023.

Bermuda Dollar/Canadian Dollar (FOREX:BMDCAD)

Weak Uptrend (+65) - BMDCAD is showing signs of weakening momentum to the upside. Monitor BMDCAD as it may be in the beginning stages of a reversal.

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

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

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

FOREX_BMDCAD
Open High Low BMDCAD Price Change
1.3686775 1.3712661 1.3618793 1.3639991 -0.0046780
Entry Signal

MarketClub’s Trade Triangles for BMDCAD

long term up The long-term trend has been UP since May 1st, 2022 at 1.2867802

intermediate term up The intermediate-term trend has been UP since Feb 16th, 2023 at 1.3440235

short term down The short-term trend has been DOWN since Mar 12th, 2023 at 1.3711414

Smart Scan Analysis for BMDCAD

Based on our trend formula, BMDCAD is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for BMDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3686775 1.3712661 1.3618793 1.3639991 -0.0046780
Prev. Close Volume Bid Ask Time
1.3686775 2023-03-20 20:52:31
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