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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.

FOREX_BDTEUR
Open High Low BDTEUR Price Change
0.00858058 0.00858058 0.00858058 0.00858058 0.00000000
Entry Signal

MarketClub’s Trade Triangles for BDTEUR

long term down The long-term trend has been DOWN since Jun 9th, 2022 at 0.01048880

intermediate term down The intermediate-term trend has been DOWN since Mar 17th, 2023 at 0.00880691

short term down 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).

-90
Smart Scan Analysis for BDTEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00858058 0.00858058 0.00858058 0.00858058 0.00000000
Prev. Close Volume Bid Ask Time
0.00858058 2023-03-31 08:50:07
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