Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
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 Aug 9th, 2021 at 1.1776
The intermediate-term trend has been DOWN since Sep 22nd, 2021 at 1.1766
The short-term trend has been DOWN since Sep 16th, 2021 at 1.1776
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).