Forex Trend Analysis Report
Prepared for you on Wednesday, May 12, 2021.
Euro/Bahraini Dinar (FOREX:EURBHD)
Crossroads (+60) - EURBHD is struggling to move into a solid trend. Beware of choppy markets 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 DOWN since Mar 5th, 2021 at 0.4507
The intermediate-term trend has been UP since Apr 13th, 2021 at 0.4504
The short-term trend has been UP since Apr 6th, 2021 at 0.4440
Smart Scan Analysis for EURBHD
Based on our trend formula, EURBHD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).