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.
MarketClub’s Trade Triangles for AEDBHD
The long-term trend has been DOWN since Apr 9th, 2020 at 0.10241979
The intermediate-term trend has been DOWN since May 7th, 2020 at 0.10256669
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).