Forex Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
Euro/Bahamian Dollar (FOREX:EURBSD)
Long-Term Uptrend (+90) - EURBSD is in a strong uptrend that is likely to continue. While EURBSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid EURBSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURBSD
The long-term trend has been UP since Jul 13th, 2020 at 1.1328
The intermediate-term trend has been UP since Feb 16th, 2021 at 1.2157
The short-term trend has been UP since Feb 25th, 2021 at 1.2163
Smart Scan Analysis for EURBSD
Based on our trend formula, EURBSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).