Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Bangladeshi Taka/British Pound (FOREX:BDTGBP)
Sidelines Mode (-55) - BDTGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid
MarketClub looks at technical strength and momentum to determine if the timing is right for BDTGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BDTGBP
The long-term trend has been DOWN since Oct 17th, 2019 at 0.00939100
The intermediate-term trend has been UP since Jan 20th, 2020 at 0.00904897
The short-term trend has been DOWN since Feb 13th, 2020 at 0.00902359
Smart Scan Analysis for BDTGBP
Based on our trend formula, BDTGBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).