Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CADBMD
The long term trend has been UP since Jun 26th, 2019 at 0.763545
The intermediate term trend has been DOWN since Jul 23rd, 2019 at 0.762595
The short term trend has been DOWN since Aug 13th, 2019 at 0.755245
Smart Scan Analysis for CADBMD
Based on a pre-defined weighted trend formula for chart analysis, CADBMD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).