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Forex Trend Analysis Report

Prepared for you on Wednesday, June 7, 2023.

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.

FOREX_USDBHD
Open High Low USDBHD Price Change
0.37701975 0.37707800 0.37692272 0.37699173 -0.00002800
Entry Signal

MarketClub’s Trade Triangles for USDBHD

long term up The long-term trend has been UP since Mar 16th, 2023 at 0.37719124

intermediate term up The intermediate-term trend has been UP since Jun 4th, 2023 at 0.37870204

short term down The short-term trend has been DOWN since Jun 7th, 2023 at 0.37695434

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).

+55
Smart Scan Analysis for USDBHD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37701975 0.37707800 0.37692272 0.37699173 -0.00002800
Prev. Close Volume Bid Ask Time
0.37701975 2023-06-07 19:12:20
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