Forex Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
Bangladeshi Taka/Euro (FOREX:BDTEUR)
Long-Term Downtrend (-90) - BDTEUR is in a strong downtrend that is likely to continue. While BDTEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BDTEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for BDTEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BDTEUR
The long-term trend has been DOWN since Jun 9th, 2022 at 0.01048880
The intermediate-term trend has been DOWN since Mar 17th, 2023 at 0.00880691
The short-term trend has been DOWN since Mar 17th, 2023 at 0.00895809
Smart Scan Analysis for BDTEUR
Based on our trend formula, BDTEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).