Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Bermuda Dollar/Cayman Islands Dollar (FOREX:BMDKYD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BMDKYD
The long term trend has been UP since Jan 3rd, 2020 at 0.8356274
The intermediate term trend has been DOWN since Feb 3rd, 2020 at 0.8318836
The short term trend has been DOWN since Feb 16th, 2020 at 0.8333857
Smart Scan Analysis for BMDKYD
Based on a pre-defined weighted trend formula for chart analysis, BMDKYD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).