Forex Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
Bangladeshi Taka/British Pound (FOREX:BDTGBP)
Strong Downtrend (-100) - BDTGBP is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BDTGBP continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BDTGBP?
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 Nov 14th, 2022 at 0.00836673
The intermediate-term trend has been DOWN since Mar 17th, 2023 at 0.00776264
The short-term trend has been DOWN since Mar 17th, 2023 at 0.00791615
Smart Scan Analysis for BDTGBP
Based on our trend formula, BDTGBP is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).