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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.

FOREX_CADBMD
Open High Low CADBMD Price Change
0.7864338 0.7877068 0.7836029 0.7871439 +0.0007100
Entry Signal

MarketClub’s Trade Triangles for CADBMD

long term up The long-term trend has been UP since Oct 20th, 2021 at 0.8148547

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2021 at 0.8032331

short term down 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).

-60
Smart Scan Analysis for CADBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.7864338 0.7877068 0.7836029 0.7871439 +0.0007100
Prev. Close Volume Bid Ask Time
0.7864338 2021-11-29 22:35:39
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