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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Bahraini Dinar/US Dollar (FOREX:BHDUSD)

Crossroads (+60) - BHDUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_BHDUSD
Open High Low BHDUSD Price Change
2.6534963 2.6534963 2.6527365 2.6529952 -0.0005010
Entry Signal

MarketClub’s Trade Triangles for BHDUSD

long term down The long-term trend has been DOWN since Oct 6th, 2023 at 2.6474054

intermediate term up The intermediate-term trend has been UP since Apr 15th, 2024 at 2.6540036

short term up The short-term trend has been UP since Apr 23rd, 2024 at 2.6534768

Smart Scan Analysis for BHDUSD

Based on our trend formula, BHDUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for BHDUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.6534963 2.6534963 2.6527365 2.6529952 -0.0005010
Prev. Close Volume Bid Ask Time
2.6528743 2024-04-23 21:01:43
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