Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Euro/Bahamian Dollar (FOREX:EURBSD)
Bull Market Weakness (+75) - EURBSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURBSD as it may be in the beginning stages of a reversal.
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 UP since Nov 11th, 2022 at 1.0242
The intermediate-term trend has been UP since Mar 28th, 2023 at 1.0639
The short-term trend has been UP since Mar 28th, 2023 at 1.0639
Smart Scan Analysis for EURBSD
Based on our trend formula, EURBSD is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).