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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Bahraini Dinar (FOREX:USDBHD)
Bull Market Weakness (+75) - USDBHD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDBHD as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDBHD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBHD.
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 USDBHD
The long-term trend has been UP since Nov 24th, 2023 at 0.37776833
The intermediate-term trend has been DOWN since May 5th, 2024 at 0.37667447
The short-term trend has been UP since May 8th, 2024 at 0.37708500
Smart Scan Analysis for USDBHD
Based on our trend formula, USDBHD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.37703896 | 0.37709829 | 0.37695207 | 0.37700326 | -0.00003600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.37703896 | 2024-05-09 15:43:27 |