Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Bosnia-Herzegovina Mark/US Dollar (FOREX:BAMUSD)
Bear Market Rally (-75) - BAMUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BAMUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid BAMUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BAMUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BAMUSD
The long-term trend has been DOWN since Sep 22nd, 2023 at 0.54659114
The intermediate-term trend has been UP since Oct 29th, 2023 at 0.54076984
The short-term trend has been DOWN since Nov 30th, 2023 at 0.55843059
Smart Scan Analysis for BAMUSD
Based on our trend formula, BAMUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).