Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
US Dollar/Bosnia-Herzegovina Mark (FOREX:USDBAM)
Sidelines Mode (+55) - USDBAM is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Sep 22nd, 2023 at 1.8295689
The intermediate-term trend has been DOWN since Oct 29th, 2023 at 1.8492639
The short-term trend has been UP since Nov 30th, 2023 at 1.7907797
Smart Scan Analysis for USDBAM
Based on our trend formula, USDBAM is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).