Forex Trend Analysis Report
Prepared for you on Thursday, July 7, 2022.
US Dollar/Bosnia-Herzegovina Mark (FOREX:USDBAM)
Countertrend Up (+85) - USDBAM 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 USDBAM?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBAM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDBAM
The long-term trend has been UP since Aug 9th, 2021 at 1.6607694
The intermediate-term trend has been UP since Jun 27th, 2022 at 1.8325884
The short-term trend has been UP since Jun 7th, 2022 at 1.8291008
Smart Scan Analysis for USDBAM
Based on our trend formula, USDBAM is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).