Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Euro/Bahamian Dollar (FOREX:EURBSD)
Weak Downtrend (-65) - EURBSD is showing signs of a strengthening downtrend. Monitor EURBSD as it may be building momentum to the downside.
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 DOWN since Sep 27th, 2023 at 1.0693
The intermediate-term trend has been UP since Oct 18th, 2023 at 1.0554
The short-term trend has been DOWN since Dec 6th, 2023 at 1.0852
Smart Scan Analysis for EURBSD
Based on our trend formula, EURBSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).