Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
Bahraini Dinar/Euro (FOREX:BHDEUR)
Sidelines Mode (-55) - BHDEUR 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 BHDEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BHDEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BHDEUR
The long-term trend has been DOWN since Jul 15th, 2020 at 2.3213754
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 2.1830231
The short-term trend has been UP since Feb 26th, 2021 at 2.1877993
Smart Scan Analysis for BHDEUR
Based on our trend formula, BHDEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).