Forex Trend Analysis Report
Prepared for you on Monday, November 29, 2021.
Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)
Crossroads (-60) - CADBMD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CADBMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADBMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CADBMD
The long-term trend has been UP since Oct 20th, 2021 at 0.8148547
The intermediate-term trend has been DOWN since Nov 9th, 2021 at 0.8032331
The short-term trend has been DOWN since Nov 17th, 2021 at 0.7964685
Smart Scan Analysis for CADBMD
Based on our trend formula, CADBMD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).