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Forex Trend Analysis Report
Prepared for you on Tuesday, February 4, 2025.
Canadian Dollar/Bermuda Dollar (FOREX:CADBMD)
Sidelines Mode (-55) - CADBMD 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 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 Oct 31st, 2024 at 0.7188829
The intermediate-term trend has been DOWN since Jan 17th, 2025 at 0.6930110
The short-term trend has been UP since Feb 4th, 2025 at 0.6973909
Smart Scan Analysis for CADBMD
Based on our trend formula, CADBMD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.6924246 | 0.7008600 | 0.6911952 | 0.6996420 | +0.0072170 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.6924246 | 2025-02-04 23:02:33 |