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Forex Trend Analysis Report

Prepared for you on Thursday, July 18, 2024.

Bahamian Dollar/US Dollar (FOREX:BSDUSD)

Bear Market Rally (-75) - BSDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BSDUSD as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid BSDUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for BSDUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BSDUSD
Open High Low BSDUSD Price Change
1.0004801 1.0004801 1.0004344 1.0004344 -0.0000460
Entry Signal

MarketClub’s Trade Triangles for BSDUSD

long term down The long-term trend has been DOWN since Apr 10th, 2024 at 0.9985724

intermediate term down The intermediate-term trend has been DOWN since Jul 15th, 2024 at 0.9989608

short term down The short-term trend has been DOWN since Jul 9th, 2024 at 0.9991180

Smart Scan Analysis for BSDUSD

Based on our trend formula, BSDUSD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for BSDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0004801 1.0004801 1.0004344 1.0004344 -0.0000460
Prev. Close Volume Bid Ask Time
0.9998443 2024-07-17 23:17:59
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