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Forex Trend Analysis Report

Prepared for you on Friday, July 12, 2024.

US Dollar/Bahraini Dinar (FOREX:USDBHD)

Sidelines Mode (-50) - USDBHD is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until USDBHD can gain momentum.

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
0.37691986 0.37699616 0.37687751 0.37695884 +0.00003900
Entry Signal

MarketClub’s Trade Triangles for USDBHD

long term up The long-term trend has been UP since Jun 9th, 2024 at 0.37861262

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.37599664

short term down The short-term trend has been DOWN since Jul 7th, 2024 at 0.37681133

Smart Scan Analysis for USDBHD

Based on our trend formula, USDBHD is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-50
Smart Scan Analysis for USDBHD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37691986 0.37699616 0.37687751 0.37695884 +0.00003900
Prev. Close Volume Bid Ask Time
0.37691986 2024-07-12 16:01:53
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