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.
MarketClub’s Trade Triangles for BHDUSD
The long-term trend has been DOWN since Mar 31st, 2020 at 2.6426432
The intermediate-term trend has been DOWN since Jul 29th, 2020 at 2.6513588
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).