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Forex Trend Analysis Report

Prepared for you on Sunday, December 3, 2023.

Bahraini Dinar/US Dollar (FOREX:BHDUSD)

Long-Term Downtrend (-90) - BHDUSD is in a strong downtrend that is likely to continue. While BHDUSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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
2.6539288 2.6539288 2.6420090 2.6420090 -0.0119200
Entry Signal

MarketClub’s Trade Triangles for BHDUSD

long term down The long-term trend has been DOWN since Oct 6th, 2023 at 2.6474054

intermediate term down The intermediate-term trend has been DOWN since Nov 24th, 2023 at 2.6513105

short term down The short-term trend has been DOWN since Dec 1st, 2023 at 2.6528141

Smart Scan Analysis for BHDUSD

Based on our trend formula, BHDUSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for BHDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6539288 2.6539288 2.6420090 2.6420090 -0.0119200
Prev. Close Volume Bid Ask Time
2.6553266 2023-12-01 17:11:13
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