Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
United Arab Emirates Dirham/Bahraini Dinar (FOREX:AEDBHD)
Sidelines Mode (-55) - AEDBHD 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 AEDBHD?
MarketClub looks at technical strength and momentum to determine if the timing is right for AEDBHD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for AEDBHD
The long-term trend has been UP since Dec 29th, 2019 at 0.10288379
The intermediate-term trend has been DOWN since Feb 20th, 2020 at 0.10254516
The short-term trend has been UP since Feb 21st, 2020 at 0.10271923
Smart Scan Analysis for AEDBHD
Based on our trend formula, AEDBHD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).