Forex Trend Analysis Report
Prepared for you on Saturday, May 8, 2021.
US Dollar/Bahraini Dinar (FOREX:USDBHD)
Bear Market Rally (-75) - USDBHD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on USDBHD as it may be in the beginning of a reversal.
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 DOWN since Feb 7th, 2021 at 0.37598616
The intermediate-term trend has been UP since Apr 18th, 2021 at 0.37714650
The short-term trend has been DOWN since Apr 19th, 2021 at 0.37693884
Smart Scan Analysis for USDBHD
Based on our trend formula, USDBHD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).