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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

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
1.3516048 1.3520038 1.3508018 1.3518542 +0.0002490
Entry Signal

MarketClub’s Trade Triangles for BMDCAD

long term down The long-term trend has been DOWN since Dec 15th, 2023 at 1.3351605

intermediate term down The intermediate-term trend has been DOWN since Mar 8th, 2024 at 1.3396943

short term up The short-term trend has been UP since Mar 14th, 2024 at 1.3492107

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
1.3516048 1.3520038 1.3508018 1.3518542 +0.0002490
Prev. Close Volume Bid Ask Time
1.3516048 2024-03-19 00:53:40
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