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Forex Trend Analysis Report

Prepared for you on Monday, October 18, 2021.

Euro/Bahamian Dollar (FOREX:EURBSD)

Long-Term Downtrend (-90) - EURBSD is in a strong downtrend that is likely to continue. While EURBSD 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 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.

FOREX_EURBSD
Open High Low EURBSD Price Change
1.1566 1.1566 1.1566 1.1566 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURBSD

long term down The long-term trend has been DOWN since Aug 9th, 2021 at 1.1776

intermediate term down The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 1.1766

short term down The short-term trend has been DOWN since Sep 16th, 2021 at 1.1776

Smart Scan Analysis for EURBSD

Based on our trend formula, EURBSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURBSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.1566 1.1566 1.1566 1.1566 0.0000
Prev. Close Volume Bid Ask Time
1.1611 2021-10-11 21:08:49
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