Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Monday, May 20, 2024.

Euro/Bahamian Dollar (FOREX:EURBSD)

Crossroads (+60) - EURBSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
1.0839 1.0839 1.0839 1.0839 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURBSD

long term down The long-term trend has been DOWN since Apr 14th, 2024 at 1.0708

intermediate term up The intermediate-term trend has been UP since May 7th, 2024 at 1.0728

short term up The short-term trend has been UP since May 7th, 2024 at 1.0728

Smart Scan Analysis for EURBSD

Based on our trend formula, EURBSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for EURBSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0839 1.0839 1.0839 1.0839 0.0000
Prev. Close Volume Bid Ask Time
1.0839 2024-05-18 14:03:20
Get a free daily analysis and signals for Euro/Bahamian Dollar (EURBSD) - Request Your Free Report.