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Forex Trend Analysis Report

Prepared for you on Friday, August 7, 2020.

United Arab Emirates Dirham/Bahraini Dinar (FOREX:AEDBHD)

Countertrend Down (-85) - AEDBHD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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

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

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

FOREX_AEDBHD
Open High Low AEDBHD Price Change
0.10263022 0.10271295 0.10254398 0.10254398 -0.00008600
Entry Signal

MarketClub’s Trade Triangles for AEDBHD

long term down The long-term trend has been DOWN since Apr 9th, 2020 at 0.10241979

intermediate term down The intermediate-term trend has been DOWN since May 7th, 2020 at 0.10256669

short term up The short-term trend has been UP since Aug 6th, 2020 at 0.10270512

Smart Scan Analysis for AEDBHD

Based on our trend formula, AEDBHD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for AEDBHD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10263022 0.10271295 0.10254398 0.10254398 -0.00008600
Prev. Close Volume Bid Ask Time
0.10263022 0.10248469 0.10260326 2020-08-07 11:01:25
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