Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
Bahraini Dinar/Euro (FOREX:BHDEUR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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.
MarketClub’s Trade Triangles for BHDEUR
The long term trend has been UP since May 2nd, 2018 at 2.19840
The intermediate term trend has been UP since Jan 24th, 2019 at 2.34530
The short term trend has been DOWN since Mar 12th, 2019 at 2.35525
Smart Scan Analysis for BHDEUR
Based on a pre-defined weighted trend formula for chart analysis, BHDEUR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).