Forex Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
Bermuda Dollar/Euro (FOREX:BMDEUR)
Weak Uptrend (+65) - BMDEUR is showing signs of weakening momentum to the upside. Monitor BMDEUR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid BMDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BMDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BMDEUR
The long-term trend has been UP since Aug 9th, 2021 at 0.8491182
The intermediate-term trend has been UP since Sep 27th, 2021 at 0.8499120
The short-term trend has been DOWN since Oct 19th, 2021 at 0.8649829
Smart Scan Analysis for BMDEUR
Based on our trend formula, BMDEUR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).