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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
US Dollar/Bangladeshi Taka (FOREX:USDBDT)
Countertrend Up (+85) - USDBDT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid USDBDT?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDBDT.
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 USDBDT
The long-term trend has been UP since Apr 30th, 2024 at 110.39758
The intermediate-term trend has been UP since Apr 28th, 2024 at 109.80526
The short-term trend has been UP since May 7th, 2024 at 109.78670
Smart Scan Analysis for USDBDT
Based on our trend formula, USDBDT is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 109.76856 | 109.96516 | 109.76856 | 109.96516 | +0.19660 |
| Prev. Close | Volume | Bid | Ask | Time |
| 109.81155 | 2024-05-07 21:05:09 |