Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, December 3, 2020.

US Dollar/Bosnia-Herzegovina Mark (FOREX:USDBAM)

Strong Downtrend (-100) - USDBAM is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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.

FOREX_USDBAM
Open High Low USDBAM Price Change
1.6234862 1.6234862 1.6147070 1.6147070 -0.0087790
Entry Signal

MarketClub’s Trade Triangles for USDBAM

long term down The long-term trend has been DOWN since Dec 1st, 2020 at 1.6467651

intermediate term down The intermediate-term trend has been DOWN since Nov 17th, 2020 at 1.6564232

short term down The short-term trend has been DOWN since Dec 1st, 2020 at 1.6467651

Smart Scan Analysis for USDBAM

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

-100
Smart Scan Analysis for USDBAM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6234862 1.6234862 1.6147070 1.6147070 -0.0087790
Prev. Close Volume Bid Ask Time
1.6105054 2020-12-02 21:02:56
Get a free daily analysis and signals for US Dollar/Bosnia-Herzegovina Mark (USDBAM) - Request Your Free Report.