Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Bahraini Dinar/US Dollar (FOREX:BHDUSD)
Bear Market Rally (-75) - BHDUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BHDUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid BHDUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BHDUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BHDUSD
The long-term trend has been DOWN since Oct 6th, 2023 at 2.6474054
The intermediate-term trend has been DOWN since Nov 24th, 2023 at 2.6513105
The short-term trend has been DOWN since Dec 7th, 2023 at 2.6523135
Smart Scan Analysis for BHDUSD
Based on our trend formula, BHDUSD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).