Forex Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
Euro/Bahraini Dinar (FOREX:EURBHD)
Long-Term Downtrend (-90) - EURBHD is in a strong downtrend that is likely to continue. While EURBHD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Aug 9th, 2021 at 0.4429
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 0.4419
The short-term trend has been DOWN since Oct 25th, 2021 at 0.4380
Smart Scan Analysis for EURBHD
Based on our trend formula, EURBHD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).