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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.

FOREX_USDBHD
Open High Low USDBHD Price Change
0.37704607 0.37705859 0.37695008 0.37704355 -0.00000300
Entry Signal

MarketClub’s Trade Triangles for USDBHD

long term down The long-term trend has been DOWN since May 16th, 2022 at 0.37676836

intermediate term up The intermediate-term trend has been UP since Jun 15th, 2022 at 0.37713876

short term down 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).

+55
Smart Scan Analysis for USDBHD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.37704607 0.37705859 0.37695008 0.37704355 -0.00000300
Prev. Close Volume Bid Ask Time
0.37704607 2022-07-06 15:24:25
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