Forex Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
US Dollar/Bahraini Dinar (FOREX:USDBHD)
Sidelines Mode (+55) - USDBHD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 May 16th, 2022 at 0.37676836
The intermediate-term trend has been UP since Jun 15th, 2022 at 0.37713876
The short-term trend has been DOWN since Jul 5th, 2022 at 0.37691941
Smart Scan Analysis for USDBHD
Based on our trend formula, USDBHD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).