Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
Bahamian Dollar/US Dollar (FOREX:BSDUSD)
Countertrend Up (+85) - BSDUSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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.
MarketClub’s Trade Triangles for BSDUSD
The long-term trend has been UP since Jun 15th, 2023 at 1.0038535
The intermediate-term trend has been UP since Sep 10th, 2023 at 1.0003012
The short-term trend has been UP since Sep 10th, 2023 at 1.0003012
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).