Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
US Dollar/Bahraini Dinar (FOREX:USDBHD)
Sidelines Mode (-55) - USDBHD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Sep 12th, 2021 at 0.37746500
The intermediate-term trend has been DOWN since Oct 1st, 2021 at 0.37674960
The short-term trend has been UP since Oct 21st, 2021 at 0.37704425
Smart Scan Analysis for USDBHD
Based on our trend formula, USDBHD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).