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.
MarketClub’s Trade Triangles for BMDCAD
The long-term trend has been UP since Feb 10th, 2020 at 1.3293598
The intermediate-term trend has been UP since Jan 22nd, 2020 at 1.3071498
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).