Forex Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
US Dollar/Bahraini Dinar (FOREX:USDBHD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDBHD
The long term trend has been UP since Nov 22nd, 2017 at 0.37940
The intermediate term trend has been UP since Nov 22nd, 2017 at 0.37840
The short term trend has been DOWN since Dec 12th, 2017 at 0.37703
Smart Scan Analysis for USDBHD
Based on a pre-defined weighted trend formula for chart analysis, USDBHD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).