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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Bahamian Dollar (FOREX:EURBSD)
Crossroads (+60) - EURBSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURBSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURBSD
The long-term trend has been DOWN since Apr 14th, 2024 at 1.0708
The intermediate-term trend has been UP since May 7th, 2024 at 1.0728
The short-term trend has been UP since May 7th, 2024 at 1.0728
Smart Scan Analysis for EURBSD
Based on our trend formula, EURBSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0749 | 1.0749 | 1.0749 | 1.0749 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0749 | 2024-05-08 21:02:49 |