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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Bosnia-Herzegovina Mark (FOREX:USDBAM)
Sidelines Mode (+55) - USDBAM 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 USDBAM?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBAM.
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 USDBAM
The long-term trend has been UP since Apr 14th, 2024 at 1.8265360
The intermediate-term trend has been DOWN since May 5th, 2024 at 1.8224937
The short-term trend has been UP since May 8th, 2024 at 1.8196958
Smart Scan Analysis for USDBAM
Based on our trend formula, USDBAM is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.819916 | 1.819916 | 1.819916 | 1.819916 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.819916 | 2024-05-08 07:26:31 |