Forex Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
Bahraini Dinar/Euro (FOREX:BHDEUR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 Jun 4th, 2019 at 2.35695
The short term trend has been UP since Jul 16th, 2019 at 2.35805
Smart Scan Analysis for BHDEUR
Based on a pre-defined weighted trend formula for chart analysis, BHDEUR scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).