Forex Trend Analysis Report
Prepared for you on Friday, October 30, 2020.
Bangladeshi Taka/Euro (FOREX:BDTEUR)
Sidelines Mode (+50) - BDTEUR is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BDTEUR can gain momentum.
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 Jul 9th, 2020 at 0.01042980
The intermediate-term trend has been UP since Oct 29th, 2020 at 0.01006747
The short-term trend has been UP since Oct 29th, 2020 at 0.01006747
Smart Scan Analysis for BDTEUR
Based on our trend formula, BDTEUR is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).