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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.

FOREX_EURBHD
Open High Low EURBHD Price Change
0.4375 0.4376 0.4369 0.4372 -0.0003
Entry Signal

MarketClub’s Trade Triangles for EURBHD

long term down The long-term trend has been DOWN since Aug 9th, 2021 at 0.4429

intermediate term down The intermediate-term trend has been DOWN since Sep 20th, 2021 at 0.4419

short term down 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).

-90
Smart Scan Analysis for EURBHD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.4375 0.4376 0.4369 0.4372 -0.0003
Prev. Close Volume Bid Ask Time
0.4375 2021-10-28 08:08:12
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