Forex Trend Analysis Report
Prepared for you on Wednesday, February 24, 2021.
Bahraini Dinar/US Dollar (FOREX:BHDUSD)
Sidelines Mode (-55) - BHDUSD 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 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 UP since Feb 7th, 2021 at 2.6619380
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 2.6515856
The short-term trend has been UP since Feb 23rd, 2021 at 2.6548301
Smart Scan Analysis for BHDUSD
Based on our trend formula, BHDUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).