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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Euro/Bangladeshi Taka (FOREX:EURBDT)
Crossroads (-60) - EURBDT is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EURBDT?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBDT.
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 EURBDT
The long-term trend has been DOWN since Feb 14th, 2024 at 117.71
The intermediate-term trend has been UP since May 5th, 2024 at 117.74
The short-term trend has been UP since May 5th, 2024 at 117.74
Smart Scan Analysis for EURBDT
Based on our trend formula, EURBDT is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 118.19 | 118.19 | 118.19 | 118.19 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 117.97 | 2024-05-07 21:05:09 |