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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.

FOREX_EURBSD
Open High Low EURBSD Price Change
1.0783 1.0783 1.0783 1.0783 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURBSD

long term down The long-term trend has been DOWN since Sep 27th, 2023 at 1.0693

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2023 at 1.0554

short term down 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).

-65
Smart Scan Analysis for EURBSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0783 1.0783 1.0783 1.0783 0.0000
Prev. Close Volume Bid Ask Time
1.0783 2023-12-08 22:32:22
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