Forex Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
Bangladeshi Taka/Euro (FOREX:BDTEUR)
Bull Market Weakness (+75) - BDTEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BDTEUR as it may be in the beginning stages of a reversal.
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 UP since Aug 9th, 2021 at 0.01001757
The intermediate-term trend has been UP since Sep 21st, 2021 at 0.00997555
The short-term trend has been UP since Sep 16th, 2021 at 0.00997335
Smart Scan Analysis for BDTEUR
Based on our trend formula, BDTEUR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).