Forex Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
Bermuda Dollar/Euro (FOREX:BMDEUR)
Crossroads (-60) - BMDEUR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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 Mar 7th, 2021 at 0.8347298
The intermediate-term trend has been DOWN since Apr 16th, 2021 at 0.8404121
The short-term trend has been DOWN since Apr 6th, 2021 at 0.8520120
Smart Scan Analysis for BMDEUR
Based on our trend formula, BMDEUR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).