Forex Trend Analysis Report
Prepared for you on Sunday, December 8, 2019.
US Dollar/Bahraini Dinar (FOREX:USDBHD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for USDBHD
The long term trend has been DOWN since Jun 23rd, 2019 at 0.37515000
The intermediate term trend has been UP since Dec 4th, 2019 at 0.37712852
The short term trend has been DOWN since Dec 5th, 2019 at 0.37693453
Smart Scan Analysis for USDBHD
Based on a pre-defined weighted trend formula for chart analysis, USDBHD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).