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.
MarketClub’s Trade Triangles for EURBHD
The long-term trend has been UP since Nov 15th, 2022 at 0.3905
The intermediate-term trend has been UP since Jan 9th, 2023 at 0.4037
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).