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Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Bahamian Dollar/US Dollar (FOREX:BSDUSD)
Sidelines Mode (+50) - BSDUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BSDUSD can gain momentum.
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.
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MarketClub’s Trade Triangles for BSDUSD
The long-term trend has been DOWN since May 13th, 2020 at 0.9978764
The intermediate-term trend has been UP since May 18th, 2020 at 1.0019708
The short-term trend has been UP since May 18th, 2020 at 1.0019708
Smart Scan Analysis for BSDUSD
Based on our trend formula, BSDUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0063776 | 1.0063776 | 1.0063776 | 1.0063776 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0063776 | 0.9999774 | 1.0127777 | 2020-05-28 21:09:25 |