Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Bahraini Dinar/US Dollar (FOREX:BHDUSD)
Strong Downtrend (-100) - BHDUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Sep 12th, 2021 at 2.6503957
The intermediate-term trend has been DOWN since Aug 31st, 2021 at 2.6518038
The short-term trend has been DOWN since Oct 21st, 2021 at 2.6523323
Smart Scan Analysis for BHDUSD
Based on our trend formula, BHDUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).