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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Bangladeshi Taka (FOREX:GBPBDT)
Countertrend Down (-85) - GBPBDT is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid GBPBDT?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPBDT.
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 GBPBDT
The long-term trend has been DOWN since Apr 2nd, 2024 at 137.75048
The intermediate-term trend has been DOWN since Mar 28th, 2024 at 138.69065
The short-term trend has been UP since May 7th, 2024 at 137.44186
Smart Scan Analysis for GBPBDT
Based on our trend formula, GBPBDT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 137.68559 | 137.68559 | 137.40866 | 137.40866 | -0.27693 |
| Prev. Close | Volume | Bid | Ask | Time |
| 137.14970 | 2024-05-07 21:05:09 |