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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.

FOREX_USDBHD
Open High Low USDBHD Price Change
0.37702416 0.37704682 0.37694639 0.37695482 -0.00006900
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 up The intermediate-term trend has been UP since Nov 24th, 2023 at 0.37720500

short term up 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).

+90
Smart Scan Analysis for USDBHD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37702416 0.37704682 0.37694639 0.37695482 -0.00006900
Prev. Close Volume Bid Ask Time
0.37702416 2023-12-07 16:06:22
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