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Forex Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Euro/Bangladeshi Taka (FOREX:EURBDT)
Sidelines Mode (+50) - EURBDT is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until EURBDT can gain momentum.
Is it time to buy, sell, or avoid EURBDT?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURBDT.
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 EURBDT
The long-term trend has been DOWN since Feb 14th, 2024 at 117.71
The intermediate-term trend has been UP since May 5th, 2024 at 117.74
The short-term trend has been UP since May 5th, 2024 at 117.74
Smart Scan Analysis for EURBDT
Based on our trend formula, EURBDT is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 118.19 | 118.19 | 118.19 | 118.19 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 118.19 | 2024-05-07 21:05:09 |