Forex Trend Analysis Report
Prepared for you on Monday, August 10, 2020.
Euro/Bermuda Dollar (FOREX:EURBMD)
Bull Market Weakness (+75) - EURBMD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURBMD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid EURBMD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBMD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURBMD
The long-term trend has been UP since Jul 13th, 2020 at 1.1328
The intermediate-term trend has been UP since Jul 9th, 2020 at 1.1307
The short-term trend has been UP since Jul 8th, 2020 at 1.1279
Smart Scan Analysis for EURBMD
Based on our trend formula, EURBMD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).