Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Bangladeshi Taka/British Pound (FOREX:BDTGBP)
Weak Downtrend (-65) - BDTGBP is showing signs of a strengthening downtrend. Monitor BDTGBP as it may be building momentum to the downside.
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 UP since Mar 29th, 2020 at 0.00915194
The intermediate-term trend has been DOWN since Jun 1st, 2020 at 0.00954554
The short-term trend has been DOWN since May 19th, 2020 at 0.00965445
Smart Scan Analysis for BDTGBP
Based on our trend formula, BDTGBP is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).