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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

US Dollar/Bahraini Dinar (FOREX:USDBHD)

Bull Market Weakness (+75) - USDBHD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDBHD as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid USDBHD?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDBHD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDBHD
Open High Low USDBHD Price Change
0.37685633 0.37697468 0.37684250 0.37691652 +0.00006000
Entry Signal

MarketClub’s Trade Triangles for USDBHD

long term up The long-term trend has been UP since Nov 24th, 2023 at 0.37776833

intermediate term down The intermediate-term trend has been DOWN since Mar 1st, 2024 at 0.37625689

short term up The short-term trend has been UP since Mar 20th, 2024 at 0.37695835

Smart Scan Analysis for USDBHD

Based on our trend formula, USDBHD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for USDBHD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37685633 0.37697468 0.37684250 0.37691652 +0.00006000
Prev. Close Volume Bid Ask Time
0.37685633 2024-03-28 11:32:30
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