Forex Trend Analysis Report
Prepared for you on Tuesday, December 1, 2020.
Euro/Bahamian Dollar (FOREX:EURBSD)
Strong Uptrend (+100) - EURBSD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, EURBSD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid EURBSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURBSD
The long-term trend has been UP since Jul 13th, 2020 at 1.1328
The intermediate-term trend has been UP since Nov 16th, 2020 at 1.1824
The short-term trend has been UP since Nov 16th, 2020 at 1.1810
Smart Scan Analysis for EURBSD
Based on our trend formula, EURBSD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).