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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.

FOREX_CADBMD
Open High Low CADBMD Price Change
0.755745 0.755745 0.755495 0.755705 -0.000040
Entry Signal

MarketClub’s Trade Triangles for CADBMD

long term up The long term trend has been UP since Jun 26th, 2019 at 0.763545

intermediate term down The intermediate term trend has been DOWN since Jul 23rd, 2019 at 0.762595

short term down 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).

-60
Smart Scan Analysis for CADBMD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.755745 0.755745 0.755495 0.755705 -0.000040
Prev. Close Volume Bid Ask Time
0.755745 0.755220 0.756190 2019-08-18 15:12:39
Want to analyze Canadian Dollar/Bermuda Dollar CADBMD or another symbol? Try our Free Forex Trend Analysis Report.