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.
MarketClub’s Trade Triangles for USDBSD
The long-term trend has been UP since May 13th, 2020 at 1.0021686
The intermediate-term trend has been DOWN since Jun 30th, 2020 at 1.0002743
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).