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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.

FOREX_USDBHD
Open High Low USDBHD Price Change
0.37415987 0.37703739 0.37415987 0.37415987 0.00000000
Entry Signal

MarketClub’s Trade Triangles for USDBHD

long term down The long-term trend has been DOWN since Feb 7th, 2021 at 0.37598616

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2021 at 0.37714650

short term down 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).

-75
Smart Scan Analysis for USDBHD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37415987 0.37703739 0.37415987 0.37415987 0.00000000
Prev. Close Volume Bid Ask Time
0.37415987 2021-05-08 11:31:02
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