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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

US Dollar/Bahraini Dinar (FOREX:USDBHD)

Weak Downtrend (-65) - USDBHD is showing signs of a strengthening downtrend. Monitor USDBHD as it may be building momentum to the downside.

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
0.37697863 0.37700797 0.37691064 0.37695929 -0.00001900
Entry Signal

MarketClub’s Trade Triangles for USDBHD

long term down The long-term trend has been DOWN since May 19th, 2024 at 0.37569672

intermediate term down The intermediate-term trend has been DOWN since May 5th, 2024 at 0.37667447

short term up The short-term trend has been UP since May 20th, 2024 at 0.37701500

Smart Scan Analysis for USDBHD

Based on our trend formula, USDBHD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for USDBHD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37697863 0.37700797 0.37691064 0.37695929 -0.00001900
Prev. Close Volume Bid Ask Time
0.37697863 2024-05-23 11:31:37
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