Forex Trend Analysis Report
Prepared for you on Saturday, October 19, 2019.
Bahraini Dinar/Euro (FOREX:BHDEUR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 DOWN since Oct 13th, 2019 at 2.40445
The short term trend has been DOWN since Oct 8th, 2019 at 2.42085
Smart Scan Analysis for BHDEUR
Based on a pre-defined weighted trend formula for chart analysis, BHDEUR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).