Forex Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
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 Jul 19th, 2021 at 0.00858671
The intermediate-term trend has been DOWN since Oct 18th, 2021 at 0.00852648
The short-term trend has been DOWN since Oct 12th, 2021 at 0.00858503
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).