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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Bangladeshi Taka/British Pound (FOREX:BDTGBP)
Sidelines Mode (+50) - BDTGBP is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until BDTGBP can gain momentum.
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.
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MarketClub’s Trade Triangles for BDTGBP
The long-term trend has been DOWN since May 9th, 2024 at 0.00710522
The intermediate-term trend has been UP since Oct 17th, 2024 at 0.00629542
The short-term trend has been UP since Oct 17th, 2024 at 0.00634935
Smart Scan Analysis for BDTGBP
Based on our trend formula, BDTGBP is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.00652464 | 0.00652464 | 0.00652464 | 0.00652464 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.00659509 | 2024-11-12 07:25:10 |