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.
MarketClub’s Trade Triangles for USDBAM
The long-term trend has been DOWN since Dec 1st, 2020 at 1.6467651
The intermediate-term trend has been DOWN since Nov 17th, 2020 at 1.6564232
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).