Forex Trend Analysis Report
Prepared for you on Monday, December 6, 2021.
Bermuda Dollar/Canadian Dollar (FOREX:BMDCAD)
Bull Market Weakness (+75) - BMDCAD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.
MarketClub’s Trade Triangles for BMDCAD
The long-term trend has been DOWN since Oct 20th, 2021 at 1.2271129
The intermediate-term trend has been UP since Nov 9th, 2021 at 1.2449687
The short-term trend has been UP since Dec 2nd, 2021 at 1.2802464
Smart Scan Analysis for BMDCAD
Based on our trend formula, BMDCAD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).