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Forex Trend Analysis Report

Prepared for you on Monday, December 17, 2018.

British Pound/Bangladeshi Taka (FOREX:GBPBDT)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_GBPBDT
Open High Low GBPBDT Price Change
105.245 105.245 105.245 105.245 0.000
Entry Signal

MarketClub’s Trade Triangles for GBPBDT

long term down The long term trend has been DOWN since May 13th, 2018 at 115.205

intermediate term down The intermediate term trend has been DOWN since Oct 28th, 2018 at 109.240

short term down The short term trend has been DOWN since Nov 29th, 2018 at 107.565

Smart Scan Analysis for GBPBDT

Based on a pre-defined weighted trend formula for chart analysis, GBPBDT scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for GBPBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
105.245 105.245 105.245 105.245 0.000
Prev. Close Volume Bid Ask Time
105.245 103.240 107.250 2018-12-16 20:53:53
Want to analyze British Pound/Bangladeshi Taka GBPBDT or another symbol? Try our Free Forex Trend Analysis Report.