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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)
Long-Term Downtrend (-90) - CADBMD is in a strong downtrend that is likely to continue. While CADBMD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for CADBMD
The long-term trend has been DOWN since Apr 5th, 2024 at 0.7363289
The intermediate-term trend has been DOWN since Jul 19th, 2024 at 0.7286753
The short-term trend has been DOWN since Jul 12th, 2024 at 0.7344947
Smart Scan Analysis for CADBMD
Based on our trend formula, CADBMD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.7255321 | 0.7261944 | 0.7236984 | 0.7249340 | -0.0005980 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.7255321 | 2024-07-26 17:04:02 |