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Forex Trend Analysis Report

Prepared for you on Friday, March 29, 2024.

Bangladeshi Taka/British Pound (FOREX:BDTGBP)

Sidelines Mode (+50) - BDTGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BDTGBP can gain momentum.

Is it time to buy, sell, or avoid BDTGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for BDTGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_BDTGBP
Open High Low BDTGBP Price Change
0.00721568 0.00721568 0.00721500 0.00721500 -0.00000100
Entry Signal

MarketClub’s Trade Triangles for BDTGBP

long term down The long-term trend has been DOWN since Nov 29th, 2023 at 0.00715060

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2024 at 0.00721195

short term up The short-term trend has been UP since Mar 18th, 2024 at 0.00711855

Smart Scan Analysis for BDTGBP

Based on our trend formula, BDTGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+50
Smart Scan Analysis for BDTGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00721568 0.00721568 0.00721500 0.00721500 -0.00000100
Prev. Close Volume Bid Ask Time
0.00721568 2024-03-29 03:30:06
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