Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Euro/Bahraini Dinar (FOREX:EURBHD)
Sidelines Mode (+55) - EURBHD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 UP since Jul 15th, 2020 at 0.4308
The intermediate-term trend has been UP since Feb 22nd, 2021 at 0.4581
The short-term trend has been DOWN since Feb 26th, 2021 at 0.4571
Smart Scan Analysis for EURBHD
Based on our trend formula, EURBHD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).