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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Bangladeshi Taka/US Dollar (FOREX:BDTUSD)
Strong Downtrend (-100) - BDTUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BDTUSD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BDTUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BDTUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BDTUSD
The long-term trend has been DOWN since Apr 30th, 2024 at 0.00906021
The intermediate-term trend has been DOWN since Apr 28th, 2024 at 0.00910912
The short-term trend has been DOWN since May 7th, 2024 at 0.00911071
Smart Scan Analysis for BDTUSD
Based on our trend formula, BDTUSD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00911219 | 0.00911219 | 0.00909590 | 0.00909590 | -0.00001600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00910863 | 2024-05-07 21:05:09 |