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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Bahraini Dinar/US Dollar (FOREX:BHDUSD)
Sidelines Mode (+55) - BHDUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
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MarketClub’s Trade Triangles for BHDUSD
The long-term trend has been DOWN since Jun 9th, 2024 at 2.6413658
The intermediate-term trend has been UP since Jun 16th, 2024 at 2.6589568
The short-term trend has been DOWN since Jul 22nd, 2024 at 2.6529774
Smart Scan Analysis for BHDUSD
Based on our trend formula, BHDUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 2.6530621 | 2.6535395 | 2.6528286 | 2.6535395 | +0.0004770 |
| Prev. Close | Volume | Bid | Ask | Time |
| 2.6530621 | 2024-07-26 10:37:33 |