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Forex Trend Analysis Report

Prepared for you on Monday, July 13, 2020.

US Dollar/Bahamian Dollar (FOREX:USDBSD)

Sidelines Mode (+55) - USDBSD 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 USDBSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDBSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDBSD
Open High Low USDBSD Price Change
0.9999559 0.9999559 0.9999559 0.9999559 0.0000000
Entry Signal

MarketClub’s Trade Triangles for USDBSD

long term up The long-term trend has been UP since May 13th, 2020 at 1.0021686

intermediate term down The intermediate-term trend has been DOWN since Jun 30th, 2020 at 1.0002743

short term up The short-term trend has been UP since Jul 13th, 2020 at 0.9999073

Smart Scan Analysis for USDBSD

Based on our trend formula, USDBSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDBSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.9999559 0.9999559 0.9999559 0.9999559 0.0000000
Prev. Close Volume Bid Ask Time
0.9999559 0.9937779 1.0061339 2020-07-13 07:21:33
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