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Forex Trend Analysis Report

Prepared for you on Sunday, January 29, 2023.

Euro/Bahraini Dinar (FOREX:EURBHD)

Countertrend Up (+85) - EURBHD is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid EURBHD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURBHD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURBHD
Open High Low EURBHD Price Change
0.4098 0.4107 0.4089 0.4098 0.0000
Entry Signal

MarketClub’s Trade Triangles for EURBHD

long term up The long-term trend has been UP since Nov 15th, 2022 at 0.3905

intermediate term up The intermediate-term trend has been UP since Jan 9th, 2023 at 0.4037

short term down The short-term trend has been DOWN since Jan 27th, 2023 at 0.4094

Smart Scan Analysis for EURBHD

Based on our trend formula, EURBHD is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for EURBHD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.4098 0.4107 0.4089 0.4098 0.0000
Prev. Close Volume Bid Ask Time
0.4102 2023-01-27 17:03:14
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