Forex Trend Analysis Report
Prepared for you on Sunday, January 23, 2022.
Euro/Bahraini Dinar (FOREX:EURBHD)
Bear Market Rally (-75) - EURBHD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURBHD as it may be in the beginning of a reversal.
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.
MarketClub’s Trade Triangles for EURBHD
The long-term trend has been DOWN since Aug 9th, 2021 at 0.4429
The intermediate-term trend has been UP since Dec 29th, 2021 at 0.4280
The short-term trend has been DOWN since Jan 18th, 2022 at 0.4295
Smart Scan Analysis for EURBHD
Based on our trend formula, EURBHD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).