Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
US Dollar/Bahraini Dinar (FOREX:USDBHD)
Strong Uptrend (+100) - USDBHD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, USDBHD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid USDBHD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBHD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDBHD
The long-term trend has been UP since Nov 24th, 2023 at 0.37776833
The intermediate-term trend has been UP since Nov 24th, 2023 at 0.37720500
The short-term trend has been UP since Dec 1st, 2023 at 0.37700500
Smart Scan Analysis for USDBHD
Based on our trend formula, USDBHD is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).