Forex Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
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.
MarketClub’s Trade Triangles for EURBSD
The long-term trend has been DOWN since Mar 19th, 2020 at 1.0797
The intermediate-term trend has been DOWN since Mar 19th, 2020 at 1.0945
The short-term trend has been DOWN since Mar 17th, 2020 at 1.1186
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).