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Forex Trend Analysis Report
Prepared for you on Saturday, May 4, 2024.
Bangladeshi Taka/US Dollar (FOREX:BDTUSD)
Bear Market Rally (-75) - BDTUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BDTUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid BDTUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BDTUSD.
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 BDTUSD
The long-term trend has been DOWN since Apr 30th, 2024 at 0.00906021
The intermediate-term trend has been DOWN since Apr 28th, 2024 at 0.00910912
The short-term trend has been UP since May 1st, 2024 at 0.00911215
Smart Scan Analysis for BDTUSD
Based on our trend formula, BDTUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00911071 | 0.00913685 | 0.00911071 | 0.00913685 | +0.00002600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00911721 | 2024-05-02 21:02:33 |