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Forex Trend Analysis Report

Prepared for you on Friday, July 12, 2024.

Bosnia-Herzegovina Mark/US Dollar (FOREX:BAMUSD)

Sidelines Mode (+50) - BAMUSD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BAMUSD can gain momentum.

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.

FOREX_BAMUSD
Open High Low BAMUSD Price Change
0.55425828 0.55480283 0.55425828 0.55480283 +0.00054500
Entry Signal

MarketClub’s Trade Triangles for BAMUSD

long term down The long-term trend has been DOWN since Apr 14th, 2024 at 0.54749872

intermediate term up The intermediate-term trend has been UP since Jul 4th, 2024 at 0.55286751

short term up The short-term trend has been UP since Jul 4th, 2024 at 0.54810207

Smart Scan Analysis for BAMUSD

Based on our trend formula, BAMUSD is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for BAMUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.55425828 0.55480283 0.55425828 0.55480283 +0.00054500
Prev. Close Volume Bid Ask Time
0.55689665 2024-07-11 07:26:05
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