Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 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 UP since Jan 13th, 2019 at 0.378650
The intermediate term trend has been UP since Jun 11th, 2019 at 0.377250
The short term trend has been DOWN since Jun 19th, 2019 at 0.376875
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).