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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.

FOREX_BDTEUR
Open High Low BDTEUR Price Change
0.01009726 0.01009726 0.01009726 0.01009726 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BDTEUR

long term down The long-term trend has been DOWN since Jul 9th, 2020 at 0.01042980

intermediate term up The intermediate-term trend has been UP since Oct 29th, 2020 at 0.01006747

short term up 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).

+50
Smart Scan Analysis for BDTEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01009726 0.01009726 0.01009726 0.01009726 0.00000000
Prev. Close Volume Bid Ask Time
0.01009726 2020-10-30 08:14:51
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