Forex Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
Bangladeshi Taka/US Dollar (FOREX:BDTUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Nov 18th, 2018 at 0.012004
The intermediate term trend has been UP since Jan 9th, 2019 at 0.011994
The short term trend has been DOWN since Jan 13th, 2019 at 0.011900
Smart Scan Analysis for BDTUSD
Based on a pre-defined weighted trend formula for chart analysis, BDTUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).