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Forex Trend Analysis Report

Prepared for you on Sunday, March 24, 2019.

US Dollar/Bosnia-Herzegovina Mark (FOREX:USDBAM)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_USDBAM
Open High Low USDBAM Price Change
1.72765 1.72765 1.72765 1.72765 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDBAM

long term up The long term trend has been UP since May 1st, 2018 at 1.61335

intermediate term down The intermediate term trend has been DOWN since Mar 21st, 2019 at 1.72010

short term down The short term trend has been DOWN since Mar 17th, 2019 at 1.72965

Smart Scan Analysis for USDBAM

Based on a pre-defined weighted trend formula for chart analysis, USDBAM scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for USDBAM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.72765 1.72765 1.72765 1.72765 0.00000
Prev. Close Volume Bid Ask Time
1.72765 1.71880 1.73650 2019-03-23 17:47:03
Want to analyze US Dollar/Bosnia-Herzegovina Mark USDBAM or another symbol? Try our Free Forex Trend Analysis Report.