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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

US Dollar/Bangladeshi Taka (FOREX:USDBDT)

Countertrend Up (+85) - USDBDT is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid USDBDT?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDBDT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDBDT
Open High Low USDBDT Price Change
109.75112 110.09698 109.75112 110.09698 +0.34586
Entry Signal

MarketClub’s Trade Triangles for USDBDT

long term up The long-term trend has been UP since Mar 14th, 2024 at 110.30967

intermediate term up The intermediate-term trend has been UP since Mar 14th, 2024 at 109.88463

short term up The short-term trend has been UP since Mar 12th, 2024 at 109.70725

Smart Scan Analysis for USDBDT

Based on our trend formula, USDBDT is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for USDBDT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
109.75112 110.09698 109.75112 110.09698 +0.34586
Prev. Close Volume Bid Ask Time
109.75112 2024-03-18 22:07:02
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