Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
US Dollar/Belize Dollar (FOREX:USDBZD)
Sidelines Mode (+55) - USDBZD 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 USDBZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDBZD
The long-term trend has been UP since May 11th, 2020 at 2.0200670
The intermediate-term trend has been DOWN since May 18th, 2020 at 2.0118092
The short-term trend has been UP since Jun 2nd, 2020 at 2.0150224
Smart Scan Analysis for USDBZD
Based on our trend formula, USDBZD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).