Forex Trend Analysis Report
Prepared for you on Tuesday, March 28, 2023.
Bahraini Dinar/Euro (FOREX:BHDEUR)
Long-Term Downtrend (-90) - BHDEUR is in a strong downtrend that is likely to continue. While BHDEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Nov 15th, 2022 at 2.5609706
The intermediate-term trend has been DOWN since Mar 13th, 2023 at 2.4802960
The short-term trend has been DOWN since Mar 21st, 2023 at 2.4717128
Smart Scan Analysis for BHDEUR
Based on our trend formula, BHDEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).