Forex Trend Analysis Report
Prepared for you on Sunday, November 18, 2018.
Bangladeshi Taka/British Pound (FOREX:BDTGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for BDTGBP
The long term trend has been UP since May 13th, 2018 at 0.008685
The intermediate term trend has been UP since Oct 28th, 2018 at 0.009157
The short term trend has been UP since Nov 11th, 2018 at 0.009163
Smart Scan Analysis for BDTGBP
Based on a pre-defined weighted trend formula for chart analysis, BDTGBP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).