Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
Bangladeshi Taka/US Dollar (FOREX:BDTUSD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 BDTUSD
The long term trend has been DOWN since Apr 18th, 2018 at 0.011915
The intermediate term trend has been DOWN since Jul 23rd, 2018 at 0.011865
The short term trend has been UP since Aug 13th, 2018 at 0.011854
Smart Scan Analysis for BDTUSD
Based on a pre-defined weighted trend formula for chart analysis, BDTUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).