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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/Bahamian Dollar (FOREX:EURBSD)
Strong Downtrend (-100) - EURBSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, EURBSD continues to fall. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for EURBSD
The long-term trend has been DOWN since Nov 7th, 2024 at 1.0799
The intermediate-term trend has been DOWN since Oct 4th, 2024 at 1.1040
The short-term trend has been DOWN since Nov 7th, 2024 at 1.0799
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0784 | 1.0784 | 1.0784 | 1.0784 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0577 | 2024-11-09 14:52:04 |