Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
Belize Dollar/Euro (FOREX:BZDEUR)
Sidelines Mode (+55) - BZDEUR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BZDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BZDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BZDEUR
The long-term trend has been UP since Oct 13th, 2023 at 0.46387763
The intermediate-term trend has been DOWN since Oct 18th, 2023 at 0.47193835
The short-term trend has been UP since Dec 6th, 2023 at 0.45740275
Smart Scan Analysis for BZDEUR
Based on our trend formula, BZDEUR is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).