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Forex Trend Analysis Report

Prepared for you on Sunday, July 14, 2024.

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.

FOREX_BHDUSD
Open High Low BHDUSD Price Change
2.6532258 2.6535234 2.6526887 2.6529508 -0.0002750
Entry Signal

MarketClub’s Trade Triangles for BHDUSD

long term down The long-term trend has been DOWN since Jun 9th, 2024 at 2.6413658

intermediate term up The intermediate-term trend has been UP since Jun 16th, 2024 at 2.6589568

short term down The short-term trend has been DOWN since Jul 9th, 2024 at 2.6525441

Smart Scan Analysis for BHDUSD

Based on our trend formula, BHDUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for BHDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6532258 2.6535234 2.6526887 2.6529508 -0.0002750
Prev. Close Volume Bid Ask Time
2.6632069 2024-07-12 16:01:53
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