Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, August 11, 2020.

Bahraini Dinar/US Dollar (FOREX:BHDUSD)

Countertrend Down (-85) - BHDUSD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_BHDUSD
Open High Low BHDUSD Price Change
2.6532037 2.6532037 2.6523536 2.6526304 -0.0005730
Entry Signal

MarketClub’s Trade Triangles for BHDUSD

long term down The long-term trend has been DOWN since Mar 31st, 2020 at 2.6426432

intermediate term down The intermediate-term trend has been DOWN since Jul 29th, 2020 at 2.6513588

short term up The short-term trend has been UP since Aug 10th, 2020 at 2.6530580

Smart Scan Analysis for BHDUSD

Based on our trend formula, BHDUSD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for BHDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6532037 2.6532037 2.6523536 2.6526304 -0.0005730
Prev. Close Volume Bid Ask Time
2.6532037 2.6346465 2.6706143 2020-08-11 17:10:40
Get a free daily analysis and signals for Bahraini Dinar/US Dollar (BHDUSD) - Request Your Free Report.