Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
Bahraini Dinar/US Dollar (FOREX:BHDUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 BHDUSD
The long term trend has been UP since Dec 29th, 2019 at 2.6617942
The intermediate term trend has been UP since Dec 26th, 2019 at 2.6605391
The short term trend has been DOWN since Jan 20th, 2020 at 2.6522317
Smart Scan Analysis for BHDUSD
Based on a pre-defined weighted trend formula for chart analysis, BHDUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).