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Forex Trend Analysis Report

Prepared for you on Friday, November 22, 2019.

Bosnia-Herzegovina Mark/US Dollar (FOREX:BAMUSD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_BAMUSD
Open High Low BAMUSD Price Change
0.56568256 0.56568256 0.56568256 0.56568256 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BAMUSD

long term down The long term trend has been DOWN since Aug 1st, 2019 at 0.56909000

intermediate term down The intermediate term trend has been DOWN since Nov 6th, 2019 at 0.56670517

short term up The short term trend has been UP since Nov 18th, 2019 at 0.56287038

Smart Scan Analysis for BAMUSD

Based on a pre-defined weighted trend formula for chart analysis, BAMUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for BAMUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.56568256 0.56568256 0.56568256 0.56568256 0.00000000
Prev. Close Volume Bid Ask Time
0.56568256 0.56279027 0.56857485 2019-11-21 20:04:51
Want to analyze Bosnia-Herzegovina Mark/US Dollar BAMUSD or another symbol? Try our Free Forex Trend Analysis Report.