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Forex Trend Analysis Report

Prepared for you on Friday, February 21, 2020.

Bermuda Dollar/Canadian Dollar (FOREX:BMDCAD)

Sidelines Mode (+55) - BMDCAD 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 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
1.3217786 1.3235742 1.3184169 1.3184518 -0.0033270
Entry Signal

MarketClub’s Trade Triangles for BMDCAD

long term up The long-term trend has been UP since Feb 10th, 2020 at 1.3293598

intermediate term up The intermediate-term trend has been UP since Jan 22nd, 2020 at 1.3071498

short term down The short-term trend has been DOWN since Feb 19th, 2020 at 1.3191850

Smart Scan Analysis for BMDCAD

Based on our trend formula, BMDCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for BMDCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3217786 1.3235742 1.3184169 1.3184518 -0.0033270
Prev. Close Volume Bid Ask Time
1.3217786 1.3183670 1.3185366 2020-02-21 11:01:38
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