Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
Euro/Bahraini Dinar (FOREX:EURBHD)
Weak Downtrend (-65) - EURBHD is showing signs of a strengthening downtrend. Monitor EURBHD as it may be building momentum to the downside.
Is it time to buy, sell, or avoid EURBHD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBHD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURBHD
The long-term trend has been DOWN since Sep 14th, 2023 at 0.4025
The intermediate-term trend has been UP since Oct 23rd, 2023 at 0.4008
The short-term trend has been DOWN since Nov 30th, 2023 at 0.4120
Smart Scan Analysis for EURBHD
Based on our trend formula, EURBHD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).