Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
US Dollar/Bahraini Dinar (FOREX:USDBHD)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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 0.37865
The intermediate term trend has been DOWN since Jan 31st, 2019 at 0.37520
The short term trend has been DOWN since Feb 23rd, 2019 at 0.37684
Smart Scan Analysis for USDBHD
Based on a pre-defined weighted trend formula for chart analysis, USDBHD scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).