Forex Trend Analysis Report
Prepared for you on Sunday, September 23, 2018.
Euro/Bangladeshi Taka (FOREX:EURBDT)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 EURBDT
The long term trend has been DOWN since May 13th, 2018 at 102.1735
The intermediate term trend has been UP since Aug 30th, 2018 at 97.9760
The short term trend has been UP since Sep 16th, 2018 at 97.4440
Smart Scan Analysis for EURBDT
Based on a pre-defined weighted trend formula for chart analysis, EURBDT scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).