Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Bahraini Dinar/US Dollar (FOREX:BHDUSD)
Bear Market Rally (-75) - BHDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BHDUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid BHDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BHDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BHDUSD
The long-term trend has been DOWN since Sep 12th, 2021 at 2.6503957
The intermediate-term trend has been DOWN since Aug 31st, 2021 at 2.6518038
The short-term trend has been DOWN since Oct 21st, 2021 at 2.6523323
Smart Scan Analysis for BHDUSD
Based on our trend formula, BHDUSD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).