Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
US Dollar/Bahraini Dinar (FOREX:USDBHD)
Long-Term Uptrend (+90) - USDBHD is in a strong uptrend that is likely to continue. While USDBHD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for USDBHD
The long-term trend has been UP since Nov 24th, 2023 at 0.37776833
The intermediate-term trend has been UP since Nov 24th, 2023 at 0.37720500
The short-term trend has been UP since Dec 1st, 2023 at 0.37700500
Smart Scan Analysis for USDBHD
Based on our trend formula, USDBHD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).