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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Euro/Bahamian Dollar (FOREX:EURBSD)
Countertrend Up (+85) - EURBSD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jul 15th, 2024 at 1.0889
The intermediate-term trend has been UP since Jul 7th, 2024 at 1.0801
The short-term trend has been DOWN since Jul 21st, 2024 at 1.0899
Smart Scan Analysis for EURBSD
Based on our trend formula, EURBSD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0856 | 1.0856 | 1.0856 | 1.0856 | 0.0000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0856 | 2024-07-26 14:00:15 |